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

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.

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