adminpressures ranging from overcapacity and competition to the strong yen, and announcements of job losses, once unthinkable in a “job for life” culture, are becoming increasingly common.
Dow Jones Newswires said about half the 10 000 posts involved were full-time, permanent NEC positions.
The company said the job losses would cost it 40 billion yen (US$510 million) this financial year, but were expected to generate savings of well over that amount in the following two years.
It would open a new capacitor factory in Thailand after its current plant suffered “serious damage” in last year’s floods, it added.
NEC, which provides technology services and makes computers and electronic devices, said its mobile phone business had suffered from “drastic changes in (the) Japanese market”, with foreign vendors’ market share increasing.
The changes were to bring about “restructuring in businesses that require immediate reform”, it said, and would give it a “business structure with high profitability”. – AFP.
Online Reporter
- Herald
- July 31, 2026
- 24 views
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