NEC announced 20,000 job cuts

Summary:NEC announced on Friday that it will cut 20,000 jobs amongst the largest lost by companies blaming the economic slowdown and poor exchange rates for job losses.Half of the jobs losses will be in Japan and the other half around the world at the company’s various subsidiaries.

NEC announced on Friday that it will cut 20,000 jobs amongst the largest lost by companies blaming the economic slowdown and poor exchange rates for job losses.

Half of the jobs losses will be in Japan and the other half around the world at the company’s various subsidiaries.

The biggest number of IT jobs lost in the UK so far has been 10,000 announced by BT although that headline figure was really 6,000 as 4,000 of the job losses had already been announced.

Another major UK loss was the 3,378 job losses announced by the EDS outsourcing subsidiary of HP.

Topics: After Hours

About

Colin has been a computer journalist for some 30 years having started in the business the same year that the IBM PC was launched, although the first piece he wrote was about computer audit. He was at one time editor of Computing magazine in London and prior to that held a number of editing jobs, including time spent at the late DEC Compu... Full Bio

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.