|
|
|
Tuesday May 13, 10:57 AM
Japan's Pioneer to cut 2,000 jobs: reportTroubled Japanese electronics maker Pioneer Corp. plans to cut 2,000 jobs as it restructures its plasma television operations in an effort to return to profit, a report said on Tuesday. The job losses in Japan and overseas, which are expected to be implemented in the current fiscal year to next March, follow the company's decision in March to stop making plasma display panels.
The Nikkei said Pioneer would transfer about 200 researchers and engineers involved in the plasma operations to Matsushita. Pioneer, which is expected to report later Tuesday a fourth straight year in the red, has had a hard time in recent years after being saddled with overcapacity in plasma display panels amid declining prices. Its problems arose in 2004 when it bought the plasma display panel-making operations of NEC Corp, hoping to become the world leader. But one of its key customers, Sony Corp, later stopped making plasma TVs.
|
|
Copyright ©
2008
AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
|
