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20,000 jobs to go at NEC Corp

30 January 2009 | By Mark Osborne | Recruitment News

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Following losses in the fourth quarter of 2008 of approximately US$1.5 billion, NEC Corp is to reduce its global workforce by 20,000 or approximately 7% of its total headcount. Approximately 10,000 temporary and contract workers will lose their jobs in the cost cutting exercise. The other 10,000 job losses come from NEC’s 150,000 permanent workforce.

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