Japan’s Sanyo Electric Co. plans to cut up to 1,000 jobs and is choosing which among its semiconductor plants in China, Vietnam and the Philippines to close to revamp its struggling businesses before being bought by Panasonic Corp., a press report said.
Sanyo Electric is considering shedding about 500 of its 20,000 regular employees in Japan, mainly in the semiconductor division, by the end of March, the Nikkei business daily reported.
Kyodo News said the company plans to reduce its overseas semiconductor plants from the current seven to two.
The total number of job cuts, including temporary workers, is expected to reach about 1,000, the daily said, without naming its sources.
Several hundred of the 2,000 regular jobs at wholly owned unit Sanyo Semiconductor Co. are expected to be axed under an early retirement program, the Jiji news agency said. The subsidiary has some 10,000 workers worldwide.
“As we have announced with Panasonic, we must pursue structural reform,” a company spokeswoman said. “But at this point, no firm decision has been made.”
Panasonic said last month it would acquire Sanyo Electric for up to $9 billion, forming an industry heavyweight amid the global downturn.
The deal, which is expected to be completed by the end of March, was the first major realignment of Japan’s electronics industry since the start of the economic crisis, which has caused consumer demand to slump. –AFP
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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