News
TOKYO -- Panasonic Corp. will cut 560 jobs and close two plants in Asia, the company said today.
The sites set for closure are in Malaysia and the Philippines. About 500 workers will be laid off in Malaysia, and 60 more in the Philippines.
The sites set for closure are in Malaysia and the Philippines. About 500 workers will be laid off in Malaysia, and 60 more in the Philippines.
PEMBROKE, BERMUDA -- Tyco Electronics reported first-quarter sales dropped 21% from a year ago, and the GAAP operating loss swung to a loss on lower demand and poorer margins.
EINDHOVEN, NETHERLANDS -- Royal Philips
Electronics swung to a fourth-quarter loss of $1.9 billion
and sales fell 9% to $10.1 billion in the quarter.
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