Japan: Renesas Electronics to lay off 10,000 – report

According to a source familiar with the matter, Japan-based manufacturer of automotive microcontrollers Renesas Electronics plans to eliminate 10,000 jobs as part of a recent restructuring plan. Bloomberg News, citing this source, said Renesas has already presented this proposal to its workers' union, and lenders Mitsubishi UFJ Financial Group and Mizuho Subscribe to Automotive World to … Continued

• By Webmaster
• May 28, 2012