Sanyo to cut 1,200 workers

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January 15, 2009 Thursday

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Home > Breaking News > Money > Story

Jan 15, 2009

Sanyo to cut 1,200 workers

Sanyo to cut 1,200 workers in chip operations

TOKYO - JAPAN'S Sanyo Electric Co Ltd said on Thursday it plans to cut 1,200 workers in its chip division both at home and abroad.

An executive at Sanyo, set to be acquired by Panasonic Corp, also said its chip operations are likely to post a 20 billion yen (S$336.7 million) loss in the year ending in March. -- REUTERS

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US stocks open lower 11:01 PM

ECB cuts interest rates again 11:01 PM

India's TCS Q3 profit up 1.57% 10:55 PM

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New US jobless claims increase 9:53 PM

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DPS rose 13.8% in Q3 8:58 PM

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HK's CE warns of layoffs 6:31 PM

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Sanyo to cut 1,200 workers 4:35 PM

US$850b stimulus bill on cards 4:20 PM

NZ economy faces stagnation 4:03 PM

China investments up 63.6% 3:56 PM

Fresh wave of financial crisis 3:22 PM

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Made-in-China Ford Fiestas 11:46 AM

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