Computer maker NEC Corp. said Thursday that it will reduce its global workforce by 9.3 percent, or 14,000 jobs, by the end of March, doubling the number of jobs to be slashed from the figure it announced in late October.
NEC also said it expects its first-ever group operating loss -- 57 billion yen for the 2001 business year -- a turnaround from the 30 billion yen in profits it estimated in autumn.
NEC President Koji Nishigaki said the company, restructuring amid the global downturn in in the information technology industry, needs to continue streamlining its operations to become profitable.