Komatsu Ltd. said Tuesday it will cut 2,200 jobs, or about 10 percent of its group domestic workforce, by March 2004.
The decision follows a downward revision of its earnings forecast that sees the company sliding into the red for the fiscal year to March 31.
Komatsu, the nation's biggest construction machinery maker, now projects a consolidated pretax loss of 52 billion yen and a net loss of 45 billion yen for the current year.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.