LayoffBlog.com

February 10, 2009

Nissan to cut 20,000 jobs

According to Bloomberg: “Nissan Motor Co., Japan’s third- largest carmaker, rose the most in a month after the company said yesterday it would cut 20,000 jobs in an effort to return to profit.”

“The carmaker will slash labor costs in high-wage countries by 175 billion yen ($1.9 billion), or 20 percent, after forecasting its first loss in nine years. Nissan also plans to shift some domestic production overseas to counter a rising yen.”

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

27,000 jobs to go at NEC and Hitachi

According to Guardian News :”NEC and Hitachi, the Japanese electronics makers, will between them cut at least 27,000 jobs worldwide to try to counter falling demand and plummeting prices.”

NEC is aiming for 20,000 or more,” NEC’s president, Kaoru Yano, told a news conference. “It is regrettable that we have to announce such a big downgrade. We must cut waste.

NEC, a major producer of semiconductors, said about half of the job losses would affect full-time employees and that 40% would be in Japan.

Company Info update (NEC): According the the company’s Web site, NEC and its more than 300 subsidiaries employ approximately 150,000. Several of NEC Corp.’s subsidiaries are in Silicon Valley, including Santa Clara-based NEC Electronics America, San Jose-based NEC Tokin America Inc. and Cupertino-based NEC FiberOpTech Inc. NEC Laboratories America has an office in Cupertino.

Update 1 (1-30-2009):

  • NEC’s half the layoffs will be full-time positions.
  • NEC plans to exit the liquid-crystal display (LCD) business.

January 8, 2009

Japan’s Mitsubishi to cut 2,000 temporary jobs

According to AP: “Mitsubishi Motors Corp. will slash more than 2,000 temporary jobs in Japan by the end of March as the country’s fourth largest automaker struggles in the face of a severe slump in sales worldwide.”

“Mitsubishi announced last year it would cut 1,100 temporary jobs by the end of March 2009. But faced with a plunge in global demand, the Japanese automaker will slash another 900 temporary jobs, bringing the total number of job losses to over 2,000, the Sankei newspaper said Thursday.”

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