TOKYO: Renesas Electronics will slash 5,400 jobs in Japan, or about one quarter of its domestic workforce, reports said Wednesday, as the struggling Japanese chipmaker overhauls its money-losing business.
The leading Nikkei business daily reported that the firm would usher in the cuts by the end of March 2016 and had already sent a plan to its labour union with details still to be negotiated.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
