Fujitsu cutting 1,750 Philippines jobs

"MANILA (AFP) - Japan's Fujitsu Ltd. announced plans on Wednesday to axe 1,750 jobs in the Philippines, blaming the global economic downturn.
Workers have been offered early retirement packages to leave Fujitsu Computer Products Corp., which makes disk drives, said Ernesto Espinosa, a manager.
"We launched a voluntary leaving programme and the reason for this is that because of the global recession," he told AFP.
Labour Secretary Marianito Roque told reporters the government had been notified of the plan, which takes effect on April 18.
He said this brought the number of Filipinos who had lost their jobs since the financial crisis unfolded last year to about 45,000.
The government expects 800,000 people to lose jobs, mainly in the electronics and clothing sectors, before the downturn eases." (2009, Yahoo.com)