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

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.

From Bloomberg

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