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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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