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NEC cuts 9,000 jobs + S'pore office how?

Thread starter downgrader
Start date Jan 27, 2009

downgrader

Alfrescian

Loyal

Jan 27, 2009

S'pore got a few hundred employees. How?

Japan executives break lease balek kampung = property price down

Local staff no job = no money to pay mortgage = force sell = property prices down

http://www.straitstimes.com/Breaking+News/Money/Story/STIStory_330989.html

Home > Breaking News > Money > Story
Jan 27, 2009
NEC Tokin to shed 9,450 jobs

TOKYO - JAPANESE electronics maker NEC Tokin announced on Tuesday that it would shed about 9,450 jobs worldwide due to the economic crisis.
The electronic component manufacturer said it would axe about 450 domestic posts and 9,000 jobs overseas, joining a wave of global layoffs. -- AFP

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