NEC plans to eliminate 11,600 jobs

Article Abstract:

In a move that may portend greater emphasis on the systems integration side of its operations, NEC Corp. will take an $1.6 bil write off to cut its workforce. This includes 9,000 jobs in Japan, a goal to be met during the next three years through attrition and retirement. For the 1998 fiscal year ending March 31, the company expects a $1.3 bil loss. NEC is investing $450 mil to raise its stake in Packard Bell's European business. Kouji Nishigaki will leave its systems integration operations to replace Hisashi Kaneko as president. Hajime Sasaki, head of semiconductor business will become chairman.

Labor force information, Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Semiconductor industry, Human resource management, Electronics industry, NEC Corp., Company personnel management

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Sanyo buys access to technology from IBM

Article Abstract:

IBM will sell access to its advanced semiconductor manufacturing process and copper circuit technology, under undisclosed terms, to Sanyo Electric Co. Sanyo, which is attempting to create a reputation in the computer chips business as it expands from the less profitable consumer electronics business, made the alliance with IBM due to the high cost of developing new, better chips which are used in modern consumer electronics. Sanyo will also have access to other IBM technology through its core library of chip design technology.

Comment:

Will sell access to IBM's advanced semiconductor manufacturing process and copper circuit technology to Sanyo Electric Co.

United States, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Strategic alliances, Licensing/Sales Agreements, International Business Machines Corp., Sanyo Electric Company Ltd., Article

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Tire makers combine as mergers rise in Japan

Article Abstract:

Japan has seen 908 deals take place in the last year, a rise of 35% over the previous year. The deals take the form of joint ventures more so than of mergers and acquisitions. The Goodyear and Sumitomo deal is a good example. Such a structure gives the Japanese firm an infusion of money and other resources without taking away all its independence.

Diversified Companies, Acquisitions & mergers, Mergers, acquisitions and divestments, Abstract, Corporations

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