Troubled Japanese electronics maker Fujitsu has announced that its wants 5,000 workers to dispatch themselves in the company carpark while PR bunnies throw cherry blossom in the air. Not literally, of course.
The company said that nearly three percent of its global workforce will have to surrender to the company’s vigorous restructuring, write a haiku of resignation and clean out their desks.
Fujitsu is desperate to boost profitability by reshaping its computer chip business and its overseas operations.
In a statement, it said that the job cuts will be completed by the end of this fiscal year, next month, and will rely on early retirement, layoffs and “other methods”.
Meanwhile another 4,500 workers will be shifted to other parts of Fujitsu. There is a computer chip company being set up with Panasonic, which does sound better than the dole queue. It should be pointed out that Panasonic is not exactly in the best of health either.
Japan’s electronics sector, which has been flapping around on the floor of the IT industry like a bloated fugu fish waiting to be prepared, has been getting a boost lately from the the weakening yen. Still, 2012 will be remembered as the year that the Japanese government finally gave up Elpida Memory and the outfit filed for bankruptcy.