27 August 2001, 10:06 Toshiba and Hitachi to cut nearly 20,000 jobs each, say reports
Tokyo, Aug. 27 (BridgeNews) - Toshiba Corp. (JP;6502) and Hitachi Ltd.
(JP;6501), two leading comprehensive electric machinery manufacturers in
Japan, are going to cut nearly 20,000 jobs each due to the gloomy
semiconductor business, Japanese newspapers reported over the weekend.
According to these papers, Toshiba is going to cut 18,000 employees to
19,000 employees, about 10% of the Toshiba's 188,000 employees by March
2004. Hitachi is also going to cut 20,000 jobs, papers said.
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