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Japan's NEC says to cut groupwide workforce by 20,000
January 30, 2009 / 12:54 PM / 9 years ago

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

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.

<p>The building of NEC Corp headquarters is seen in Tokyo January 30, 2009. REUTERS/Toru Hanai</p>

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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