JVC Victor to lay off 1,150 Employees
Posted on Wed, 26 Sep 2007 02:29:27 CDT | by Luigi Lugmayr
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Apparently you guys did not buy enough JVC TVs and JVC HDD camcorders. JVC plans to lay off 1,150 employees, which are about 18% of their work force.
The cost cutting plans come after JVC and Kenwood agreed to a capital and business tie-up back in July.
JVC Victor plans to mostly achieve the downsizing through incentive retirement benefits.
Via Japan Times.
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Back to I4U News FrontpagePosted on Wed, 26 Sep 2007 02:29:27 CDT | by Luigi Lugmayr
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