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Cuts to jobs likely on the horizon as Japan's Fujitsu plunges into huge lossAFP TOKYO -- Japan's Fujitsu said Thursday it lost almost US$1 billion in the nine months to December and was looking into slashing 5,000 jobs worldwide as it struggles to compete with cheaper overseas competition.
February 8, 2013, 4:58 pm TWN The sprawling company also cut its full-year earnings forecast as it overhauls a troubled semiconductor division, merging some of its chip business with that of rival Panasonic. Fujitsu said it was in talks with labor unions to chop about 5,000 jobs from a 170,000-strong global staff, while moving another 4,500 jobs off its payroll to a separate, independent company as part of its chip business overhaul. |
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