Japan's NEC slashing 10,000 jobs worldwide
TOKYO (AP) — Japanese electronics company NEC Corp. said Thursday it is slashing 10,000 jobs worldwide and would slide into the red for the full year amid weakness in its mobile phone business and flooding in Thailand that hit its platform business.
NEC reported a net loss of 86.5 billion yen ($1.1 billion) for the October-December quarter compared to a 26.5 billion yen loss the same period a year ago.
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