NEC will cut 20,000 jobs

Suggested by Webmaster on Friday January 30, 2009

Japanese electronics giant NEC Corp. says it plans to slash at least 20,000 jobs worldwide in an effort to cut 80-billion yen ($895-million U.S.) in costs over the next two years. Toshiba Corp. is in talks to merge part of its chip operations with NEC's semiconductor unit, a source said, as a sharp global slowdown forces Japanese chip makers to cut jobs and try to band together.

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