Mini-Forex trading from $100. What is Dealing Desk 2000
Current forex market
news and forecasts
Win 100$ in contest for free Forex traders forum Demo accounts for free About High Street Networking

27 August 2001 10:06  Toshiba and Hitachi to cut nearly 20,000 jobs each, say reports


Tokyo, Aug. 27 (BridgeNews) - Toshiba Corp. (JP;6502) and Hitachi Ltd. (JP;6501), two leading comprehensive electric machinery manufacturers in Japan, are going to cut nearly 20,000 jobs each due to the gloomy semiconductor business, Japanese newspapers reported over the weekend. According to these papers, Toshiba is going to cut 18,000 employees to 19,000 employees, about 10% of the Toshiba's 188,000 employees by March 2004. Hitachi is also going to cut 20,000 jobs, papers said.
.....

"Business & Finance"

© 1998-2005, High Street Networking. All rights reserved