NEC to chop 10,000 workers from payroll
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The axe is set to fall over at NEC Corp in Japan with just about one in 10 of its workers to be cut. NEC has announced that is set to lay off 10,000 workers as it attempts to claw its way out of the red and back into the black. One reason cited for the job losses is stiff competition posed from rivals from foreign countries such as Apple. NEC blames the poor performance and the job cuts on soft demand for its mobile phones. »read more
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