Fujitsu to Cut as Many as 4,000 Jobs Next Fiscal Year (Update3)
By Minoru Matsutani
quote.bloomberg.com
Tokyo, March 8 (Bloomberg) -- Fujitsu Ltd., which expects a record $2.9 billion loss in the year ending March 31, will cut as many as 4,000 jobs next fiscal year in a bid to return to profit.
The Tokyo-based company will pare between 1,000 and 2,000 jobs in the year ending March 31, 2003 by shuttering some factories and offering incentives for workers to quit, Takashi Takaya, Fujitsu's senior executive vice president, said in an interview. Japan's biggest business-computer maker will reduce an additional 2,000 staff by natural attrition, he said.
The third-biggest maker of memory chips for mobile phones is cutting 21,900 jobs, or 12 percent of its total staff, this fiscal year ending March 31. The company needs to strengthen profitable businesses such as software and services after the chip industry's worst year on record last year, investors said. |
