TOKYO-Mitsubishi Electric Corp. may scale back its French cell phone subsidiary to offset losses and slowing demand, a company official said.
In addition, Japan’s daily business newspaper, The Nihon Keizai, said Mitsubishi Electric Telecom Europe SA will cut its payroll by 70 percent by eliminating 1,000 workers and will chop its output capacity in half, to 7 million units a year by March 2003.
However, Mitsubishi said a final decision has not yet been made on job cuts or production reductions.
