NEC to cut job by 20,000

Written by Reuters | Tokyo | Updated: Feb 1 2009, 05:08am hrs
Japan's NEC Corp 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.