Japan's NEC says to cut groupwide workforce by 20,000

TOKYO Fri Jan 30, 2009 1:48pm EST

1 of 2. The building of NEC Corp headquarters is seen in Tokyo January 30, 2009.

Credit: Reuters/Toru Hanai

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NEC cuts 20,000 jobs

Fri, Jan 30 2009

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TOKYO (Reuters) - Japan's NEC Corp (6701.T)said on Friday it would cut its groupwide workforce by 20,000 people, and look for ways to exit its industrial liquid-crystal display-related business.

The job cut, to take place by March 2010, includes a previously announced staff reduction by NEC Electronics. As of the end of December, the group employed 150,000 people.

(Reporting by Sachi Izumi)

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