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Alps Electric / 3,000 Jobs Cuts

Alps Electric Co. (6770), a Japanese electronics supplier for carmakers and Apple Inc. (AAPL) jumped the most in more than 22 months after announcing it will cut 3,000 jobs worldwide to help stem losses…

“The job cuts are aimed at improving profitability,” Satoshi Yamamoto, a company spokesman said by phone today. The reductions will be conducted in the fiscal year ending March 2014, he said. While Alps, which has about 32,000 workers, will focus on cutting part-time and contract workers, full-time staff will also be affected, Yamamoto said.

Choosen excerpts by Job Market Monitor fromBloomberg

via Alps Electric Jumps on 3,000 Jobs Cuts to Stem Losses – Bloomberg.

Discussion

2 thoughts on “Alps Electric / 3,000 Jobs Cuts

  1. Jackson's avatar

    Thats such a very informative post about alps electric 3000 job cuts.

    Posted by Jackson | April 7, 2014, 11:57 pm
  2. Ruther's avatar

    Yeah this job cut will gone a affect a market a lot specially for those employee who are seeking for job now,

    Posted by Ruther | June 27, 2014, 2:24 am

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