NEC to Lose About 500 to Early Retirement
Published: 15 February 2008
by Staff
TOKYO – Japanese chipmaker NEC Electronics Corp. said it could lose 500 staff as a result of a new $46.4 million early retirement program.
NEC has about 18,000 employees in Japan, and said this program would not affect its 2008 outlook.
Personnel age 40 and older, who have been with NEC five years or more, may apply, the company said.
The maker of chips for Nintendo Co Ltd's Wii is consolidating local production and research centers. NEC earlier reported restructuring would oust roughly 700 workers.
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