Thursday, February 12, 2009

Tech Trader Daily - Barron’s Online : Pioneer Shutting TV Ops; Cutting 10,000 Jobs

"The bad news from Pioneer follows a similar series of announcements from other Japanese electronics companies: there have been earnings warnings from Sharp, Panasonic, NEC, Hitachi and Sony. The six companies together together have now announced just under 70,000 layoffs."

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