In a bid to cope with the slumping demand for information technology products, Mitsubishi Electric Corp. on Wednesday announced a midterm business plan that calls for cutting 2,000 jobs by the end of March 2003 and considering the possibility of a tieup in the cell phone business.

In the current business year, it will cut 1,000 jobs and halt the operations of two semiconductor manufacturing lines in Japan, the major electronics maker said. It will then eliminate another 1,000 jobs at factories in the 2002 business year.

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