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Sat, Sep 01, 2001 - Page 21 News List

Hitachi slashes 14,700 employees

CUTBACKS Joining the ranks of its global rivals, Hitachi is cutting deep in hopes of weathering slumping demand for computers as it expects a loss 140 billion yen

BLOOMBERG , TOKYO

As for investment in chip equipment and plants, Hitachi will allocate ?60 billion this fiscal year, down from the ?140 billion it originally planned to spend.

The company will also scrap production of computer-memory chips at its Singapore operations -- Hitachi Nippon Steel Semiconductor Singapore Pte -- in the near future, Shoyama said.

The plant will then be used to produce system LSIs, chips combining memory and processor functions on a single piece of silicon.

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