More bad news today…this time from Japan
Hitachi is heading for the worst full-year loss of any Japanese manufacturer after it forecast a ¥700bn (£5.5bn) deficit.
Japan’s biggest electronics maker is the latest exporter to reveal stunning losses caused by the global slump in demand for cars and consumer electronics, as well as plunging component prices. See story from The Guardian HERE
And
Japanese electronics group Panasonic is to cut 15,000 jobs and close 27 plants worldwide as it seeks to reduce costs.
The world’s largest maker of plasma TVs said it expected a net loss of 380bn yen ($4.2bn, £2.9bn) for the financial year to 31 March. The company has been hit by a stronger yen and falling sales amid the global economic downturn. See story from The BBC HERE
