TDK to cut 8,000 jobs

Friday 09th January, 05:14 AM JST

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rajakumar at 06:39 AM JST - 9th January

TDK sales forecast down to 673 billion yen from 795 billion yen. This is about roughly 122 billion yen.

Jobcuts and factory temporary closures will add another 62.9 billion yen to business 2009.

TDK will be able weather slowdown in 2009 and be prepared for eventual sales increase in coming years in dynamic future of software/hardware in data recording/audio recording/audio visual recording business.

Now is the future. Prepare for future.
some14some at 07:03 AM JST - 9th January

Now no future, prepare for the closure or diversify your business.
rajakumar at 08:28 AM JST - 9th January

Now is future, even if less money. TDK should diversify to more other areas of global products manufacture to spread gain or loss. Diversify TDK, it will help TDK in future more. TDK use yen savings to buy up more foreign assets and do investments .
sharky1 at 10:45 PM JST - 9th January

I have met some of the presidents for their different divisions. Way too many presidents for one company. Need to start slashing jobs at the top.