Fujitsu Ltd. announced Monday it will cut its global workforce by 9 percent, or 16,400 jobs, by the end of the fiscal year amid a global slump in the semiconductor market.
The major computer and electronic device maker also said it will cut fixed costs and expenses by 100 billion yen annually through intensified reform efforts.
Unveiling its global restructuring plan, Fujitsu President Naoyuki Akikusa said the measures will contribute to the firm's goal of posting 6.1 trillion yen in group sales and 400 billion yen in consolidated operating profits by fiscal 2003.