February 25, 2009

Lenovo to cut 450 jobs in China

According to Reuters: “Lenovo Group, the world’s fourth-largest maker of personal computers, will eliminate 450 jobs in China, a company official said, as it cuts costs in a bid to return to profitability in 2010.”

February 4, 2009

Panasonic to Cut 15,000 Jobs

According to NYTimes: “Panasonic on Wednesday said it was shedding 15,000 jobs, the second significant layoff in Japan’s electronics industry in less than a week, and the latest example of how Japanese companies, exporters in particular, are scrambling to cut costs as demand evaporates.”

January 30, 2009

Chartered Semiconductor to cut 600 jobs

Chartered Semiconductor Manufacturing Ltd. said it would cut 600 jobs, about 8% of its global work force, as it swung to a fourth-quarter net loss amid a drop-off in demand and delayed deliveries.

90% of the job cuts announced will be in Singapore, chief executive Chia Song Hwee told BT in a telephone interview.

~News submitted by Steve~

Source: Singapore Retrenchment Blog

NEC to cut 20,000 jobs

Japanese electronics giant NEC Corp. said it will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit by competition and the global economic slump.

The company hopes the job cuts, which will be split equally between Japan and overseas, will help save 80 billion yen over the next two years.

~News submitted by Steve~

Source: Singapore Retrenchment Blog

January 26, 2009

Philips to cut 6,000 jobs

Filed under: Electronics,US,worldwide — 7macaw @ 12:28 pm
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Royal Philips Electronics plans to cut 6,000 jobs. Those cuts could include layoffs at a Latham[,NY] operation.

“I know that cuts across all sectors and all geographies,” said Ian Race, a spokesman for Holland-based Philips.

Philips has 500 employees in Latham.

Source: The Business Review (Albany)

January 15, 2009

Plantronics to layoff 18% of global work force

Filed under: Electronics,worldwide — 7macaw @ 7:59 am
Tags: ,

Plantronics (NYSE: PLT) will lay off 18 percent of its worldwide work force, cut management salaries and reduce other operating expenses, company officials announced today. Company officials did not release details about the timing or location of the layoffs.

Plantronics is a worldwide designer, manufacturer, and marketer of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets. It is headquartered in Santa Cruz.

Source: San Jose Mercury News

December 18, 2008

Agilent to cut 800 jobs in restructure plan

According to Reuters: “Agilent Technologies Inc (A.N) on Wednesday said it would implement temporary global pay cuts and lay off 300 temporary workers and 500 regular employees in units that have been severely hit by the economic downturn.”

  • Agilent Technologies Inc, which makes electronics testing gear, said it would record a $55 million pre-tax restructuring charges, mainly related to employee severance costs.

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