Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 394 Wed. July 06, 2005  
   
Business


Sanyo to cut 14,000 jobs


Japanese electronics maker Sanyo said Tuesday it will cut 15 percent of its workforce or more than 14,000 jobs in the next three years and refocus on eco-friendly technology in a bid to return to profit.

Sanyo, which last week came under the leadership of a former television anchorwoman, issued an unusual statement by corporate standards filled with references to space and mythology.