NEC to Cut 10,000 Jobs on Forecast of Third Loss in 4 Years
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NEC Corp., forecasting its third annual loss in four years, will cut 10,000 jobs as slower global growth reduces demand for its mobile phones, computers and wireless gear.
“As macroeconomic concerns about Europe and developing countries increase, we decided to invest limited resources in lesser business segments,” President Nobuhiro Endo said today in Tokyo.