Cuts to jobs likely on the horizon as Japan's Fujitsu plunges into huge loss

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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