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Pastimes : Layoff Totals for US Companies
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From: peppe511/15/2009 8:19:43 AM
   of 8051
 
1200...Sanyo cuts 1,200 jobs, lowers annual forecast
1/15/2009, 7:42 a.m. EST
By SHINO YUASA
The Associated Press

TOKYO (AP) — Japanese electronics maker Sanyo Electric Co. said Thursday it will cut 1,200 jobs globally and barely break even in the fiscal year through March as sales get battered by sinking global demand and a strengthening yen.

Sanyo, which is being acquired by larger domestic rival Panasonic Corp., said the job reductions in its semiconductor division — 800 in Japan and 400 overseas — will be completed by the end of March.

"The job cut was due to a severe slump in the global semiconductor market," said Sanyo spokeswoman Chieko Gyobu. Half of the cuts will be full-time workers with the rest coming from part-time or contract workers, she said.
syracuse.com
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