JVC Victor To Lay Off 1,150 Employees

Posted: Sep 26 2007, 2:29am CDT | by , Updated: Aug 11 2010, 4:02am CDT, in Technology News


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JVC Victor to lay off 1,150 Employees

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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Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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