Fujitsu to cut 9,000 jobs after poor results

Fujitsu said today it wouldcut another 9,000 jobs this financial year after its first-half netloss narrowed only slightly.

Fujitsu said today it wouldcut another 9,000 jobs this financial year after its first-half netloss narrowed only slightly.

Japan's largest computer maker also said it would remain inthe red for the full year to March - reversing an earlier forecast itwould break even - due to weak global demand.

In response, the company would boost full year restructuringcharges to 150 billion yen from 60 billion yen seen earlier, saidexecutive vice-president Mr Takashi Takaya.

Under the stepped-up restructuring plan, Fujitsu would cut 9,000jobs before the end of March.

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"With these measures we will be able to restore our operation toprofitability in the next fiscal year," Mr Takaya said.

Fujitsu's net loss in the six months to September shrank to147.4 billion yen from 174.7 billion yen ayear earlier. Its recurring loss was cut to 65.4 billion yen from107.5 billion yen, but revenue fell nearly 10 per cent to 2.15 trillion yen.

AFP