Pioneer to cut 2,000 jobs worldwide

posted by abennett
Be the first to comment | I like it!
More »
on this topic
March 23, 2005, 08:44 AM —  IDG News Service — 

Pioneer Corp. is planning a restructuring of its global operations that is likely to see around 5 percent of its workforce lose their jobs, it said Wednesday.

The job cuts will come from throughout the company and total about 2,000 workers from its employee base of 39,000, said Michiko Kadoi, a spokeswoman for the company in Tokyo.

Heavy competition in the consumer electronics industry is pushing Pioneer to review its operations and consolidate some manufacturing. The company also plans to cut the number of product models is offers by about 10 percent. And it plans to launch new products worldwide on a biannual schedule.

In January Pioneer cut its financial forecast for the current fiscal year, which ends next week. It had been predicting operating revenue of

IDG News Service

I like it!
Post a comment
The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
Free books

Essential JavaFX
Get started building rich Web apps quickly with an introduction to the power of JavaFX key features -- scene node graphs, nodes as components, the coordinate system, layout options, colors and gradients, custom classes with inheritance, animation, binding, and event handlers.Enter now!

The Nomadic Developer
Consulting can be hugely rewarding, but it's easy to fail if you are unprepared. To succeed, you need a mentor who knows the lay of the land. Aaron Erickson is your mentor, and this is your guidebook. Enter now!

Featured Sponsor
Case Study: AISO grows its "green" business

AISO founders envisioned a Web hosting company that was environmentally friendly. While the company employed energy-efficient innovations like solar panels, its infrastructure produced unacceptable power and cooling requirements. Find out how AISO leveraged AMD technology to overcome their challenge in this case study white paper.

Download this white paper »
Myth of the Million Dollar Database

In this whitepaper, Scalar explores the opportunity to change the landscape with respect to mission critical databases built around Oracle. Leveraging technologies such as Linux, high-end commodity processing power and Oracle RAC technology to architect, design, build and maintain database infrastructure that delivers maximum availability, reliability and performance at a fraction of traditional cost.

Download this white paper »
Success Story: Weather.com handles whatever nature serves up

On a typical day, weather.com, the Web site for The Weather Channel in Atlanta, serves up between 15 million and 20 million page views. But in September 2004, when back-to-back hurricanes ransacked Florida, the peak traffic on one day more than tripled: over 70 million page views by more than 7 million unique visitors. Read the full success story now.

Download this white paper »
Marketplace