Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Panasonic’s Japan, Overseas 1700 Job Cuts To Be Same In Percentage Terms

Posted: May 22nd, 2011 | Author: | Filed under: By Location, Japan | Tags: , , | No Comments »

Japanese electronics manufacturer Panasonic Corp.’s previously announced 17,000 job cuts would be the same in percentage terms for its Japanese and overseas employees, according to media reports citing Panasonic’s president Fumio Ohtsubo.


Steel maker Outokumpu to cut 350 jobs

Posted: April 8th, 2011 | Author: | Filed under: By Location, Japan | Tags: , | No Comments »

Finnish stainless steel manufacturer Outokumpu said on Wednesday that it planned to cut 350 jobs as part of a global cost-cutting program. The cuts include 90 lost jobs in Finland and 80 in Sweden, the company said, but did not specify layoff figures in other countries. Outokumpu employs 8,100 people in in 34 countries.


Japan Quake Causes 59 Layoffs in Tonawanda

Posted: March 21st, 2011 | Author: | Filed under: By Location, Japan | Tags: , | No Comments »

Executives at the GM plant in Tonawanda announced the layoffs of 59 permanent, full-time employees Thursday and Friday as a direct result of the catastrophe in Japan. The laid off workers are part of the UAW Local 774 and should be eligible for various unemployment benefits.


Nissan to cut 20,000 jobs

Posted: February 10th, 2009 | Author: | Filed under: By Location, Japan | No Comments »

Nissan Motor Company Ltd. on Monday said it plans to cut 20,000 workers worldwide because of losses stemming from the global recession.

The Japanese automaker said the reductions, which will take place over the next year, are part of a cost-savings effort that includes job sharing, eliminating car lines and reorganizing corporate divisions. The job cuts, about 60 percent of which will come in Japan, represent nearly 9 percent of the automaker’s 235,000-member work force.


Fujitsu to cut 400 jobs

Posted: December 26th, 2008 | Author: | Filed under: By Location, Japan | No Comments »

Fujitsu Ltd., a Japanese maker of chips for servers, mobile phones and flat-panel TVs, this month said it plans to cut about 400 jobs at its domestic factories by the end of March.


Sharp cutting 160 jobs

Posted: December 26th, 2008 | Author: | Filed under: By Location, Japan | No Comments »

Sharp Corp., Japan’s biggest maker of liquid-crystal-display televisions, won’t renew contracts of 160 workers starting January, spokeswoman Miyuki Nakayama said.


ROHM cut 500 jobs

Posted: December 26th, 2008 | Author: | Filed under: By Location, Japan | No Comments »

Rohm Co., which in October bought a 95 percent stake in Oki Electric Industry Co.’s chip unit, last month said full-time job cuts will total 500 employees by March 31. The newly purchased unit will lose about 600 people, or 10 percent of the unit’s workforce, it said.


SANYO Electric Group will cut 640 jobs

Posted: December 26th, 2008 | Author: | Filed under: By Location, Japan | No Comments »

Sanyo Electric Co., whose photonics business makes chips for lasers, will cut 460 temporary jobs by March 31. The Osaka-based company’s electronic devices unit will bear the brunt of the cuts, losing 180 workers.


Renesas Technology to cut 1,000 Temporary Jobs

Posted: December 26th, 2008 | Author: | Filed under: By Location, Japan | No Comments »

Renesas Technology Corp., the world’s largest privately held chipmaker, said it plans to cut 1,000 temporary jobs by March 31, eliminating all such workers.

The Tokyo-based company has about 26,000 full-time employees, spokesman Hirotaka Ohno said by telephone today. He declined to comment on the extent of personnel cuts prior to the 1,000 jobs that will be eliminated from January.