Friday, January 30, 2009

The Japanese industrial group Hitachi announced Friday the elimination of 7,000 jobs at its electronic sections of the crisis, which has an expected annual net loss exorbitant 700,000 million yen (7,830 million dollars, 5,600 million euros ).

Hitachi said it has found "a huge drop in demand from the month of November" in numerous activities (compounds and electronic materials, telecommunications and automotive equipment, materials, etc.)..


Just three months ago, Hitachi expected to end the year with a net profit of 15.000 billion yen, although initially advocated an annual profit of 40,000 million, having made a net profit of 58,120 million yen last year.

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