Thursday February 23, 2012

JAPAN NEWS AND DISCUSSION

Loss-making NEC to cut 10,000 jobs worldwide

Business Jan. 26, 2012 - 06:00PM JST ( 10 )

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10 Comments

2

wanderlustJan. 26, 2012 - 04:56PM JST

Executives and management at NEC must have been asleep for a long time. They have needed a total re-vamp of their operations for many years. Their products have very little appeal, mediocre design, and seem to just follow on the coat-tails of Toshiba, Panasonic, Sony (?) and the other original manufacturers. They might start with cutting back on some of their very expensive sponsorships...
0

Elbuda MexicanoJan. 26, 2012 - 05:16PM JST

OMG!! NEC must be doing really, really bad.
1

GWJan. 26, 2012 - 06:16PM JST

OUCH!

I think push ir going to shove & we will see more pressure on staff levels at J-companies, just too too many getting paid high wages & not doing much, its been a long time coming
2

some14someJan. 26, 2012 - 06:28PM JST

OMG!! NEC must be doing really, really bad.

but it will not affect unemployment rate (the way they calculate in Japanese style).
0

TumbleDryJan. 26, 2012 - 09:30PM JST

NEC needs more AKB48 commercials.
0

jforceJan. 26, 2012 - 09:42PM JST

@GW: I think you are right on the money.
0

herefornowJan. 26, 2012 - 10:45PM JST

Drip, drip, drip... Sony, Panasonic, Hitachi, NEC -- the hollowing out of Japan continues on almost a daily basis. 7,000 jobs here, 5,000 there. Japan is still operating in a 1980's business model in 2011. Better days are not in the cards.
-1

herefornowJan. 26, 2012 - 10:46PM JST

Ah, my bad, 2012.
0

sfjp330Jan. 27, 2012 - 05:05AM JST

NEC is now a full partner with Lenovo. The reduction of staff was predictable. NEC needs to shed some of the products that are not making profit. NEC is interested in Lenovo who make their own smartphone. One of their smartphone creation was Android handset called LePhone. Lenovo is getting ready to make another smartphone with Android based Operating System.
0

CanadianJapanJan. 27, 2012 - 11:23AM JST

According to their IR presentation their mobile business is not doing well.

Drastic changes in Japanese market

-Foreign vendors increasing market share in Japan

-Significant decrease compared to sales target of smartphones

Anyone here has ever seen a cool NEC phone? It seems the once unbreakable japanese cell phone market is under attack. Half of my Japanese colleagues have a foreign smartphone, iPhone or some cheap Korean(not Samsung) vendor's phone. A guy running an iPhone/Android app business in Japan once told me that before long Japanese phone makers will be instinct. Looking at NEC's results, that day might be coming sooner than later!