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Home - NEC slashes 4,000 jobs
Archived ArticlesChips - Semiconductor

NEC slashes 4,000 jobs

by Reily Gregson August 6, 2001
written by Reily Gregson August 6, 2001 Share
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TOKYO-In response to the economic slump, NEC Corp. has slashed its work force by 4,000 jobs, which amounts to 2.5 percent of its entire staff.

Its cost-cutting measures include slicing in half its output capacity in its Scottish plant, removing 600 of the 1,600 jobs there and freezing any increase in chip production in its joint venture in Shanghai, China.

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