Friday 13 February 2009

Japans Pioneer to cut 10000 jobs globally

Japanese electronics company Pioneer Corp. said Thursday it will cut 10,000 jobs globally to cope with sinking sales of car audio equipment and flat-screen TVs.

It also said it will withdraw from its money-losing plasma display business.

Get the low-down here:
http://news.yahoo.com/s/ap/20090212/ap_on_bi_ge/as_japan_pioneer

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