News
SEOUL -- Yet another attemped sale of Daewoo Electronics has fallen through, and the tight credit market may discourage other potential buyers from the company, which is valued at around $500 million. The breakdown may mean restructuring for the company.
TOKYO — TDK Corp. will lay off 8,000 workers and close four factories in response to a plunge in revenues.
TDK had 65,500 workers worldwide as of the end September quarter.
MIGDAL HA'EMEK, ISRAEL -- Flextronics' Israel subsidiary has laid off 200 employees here, according to published reports and confirmed by local management.
