Fuji Electric Holdings Co. will let go some 2,000 of its 6,900 temporary workers by September because it needs to cut production of motors and electronic parts because of poor demand worldwide, company officials said Monday.
The company is also considering laying off some of its roughly 19,000 regular workers and slashing executive pay as part of a restructuring of its corporate group, the officials said. Already in the six months through last September, Fuji Electric saw a consolidated net loss of ¥10.7 billion.
With electronics giants including Sony Corp. and Toshiba Corp. taking similar steps, unemployment is spreading through an ever wider sector of the industry.