Japan's Fujitsu scraps HDD head business
Tokyo (AFP) Jan 27, 2009 Japanese high-tech giant Fujitsu Ltd. said Tuesday that it was ending production of hard disk drive (HDD) heads as part of an overhaul of the loss-making business. The firm said it would book a one-off loss of 5.0 billion yen (56 million dollars) because of its earlier investment in a plant in Nagano city, northwest of Tokyo, making the components. The facility will continue to make circuit boards and employees working in the HDD head business will be moved to new jobs, it added. The HDD head production will cease at the end of March but Fujitsu is continuing talks with several companies over a possible sale of its overall HDD business, company spokesman Takashi Koto said. "We are continuing the negotiations with several companies," he said, declining to disclose the names of the firms. Toshiba Corp. has confirmed it is talking with Fujitsu about a possible purchase of the business. Fujitsu has been trying to focus on core growth areas in recent years, ending production of plasma televisions, a technology it was the first in the world to sell, as competition had grown fierce. Related Links Space Technology News - Applications and Research
IBM to cut more than 2,800 jobs: union Washington (AFP) Jan 26, 2009 US computer and software giant IBM Corp. is planning to cut more than 2,800 jobs, a labor union representing the firm's employees said Monday. |
|
The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |