Major electronics manufacturer Fujitsu Ltd. incurred consolidated losses of 106.1 billion yen for the October-December quarter of fiscal 2001, compared with net losses of 69 billion yen in the same period the previous year, company officials said Tuesday.
The deterioration was attributed to a drastic downturn in its electronic device business and increased restructuring costs, officials said. The slackened demand was linked to the downturn of the U.S. economy that took place after the Sept. 11 terrorist attacks.
Vice President Takashi Takaya said that to further streamline operations, the company will cut at least 1,000 jobs by the end of March in addition to a previously announced plan to cut 21,000 employees in the same time frame.