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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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