Sanyo Layoffs Job Cut: fires 1200 employees, closes 3 units

No one seems to be shielded from the effect of recession. It the Sanyo Company, which has decided to go for the layoff. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Sanyo which is going for layoffs.

How many employees will be fired in the Sanyo layoffs?
There will be around 1200 job cuts by the company.

Any information available about the location wise job cut for Sanyo?
Around 800 jobs will be cut in Japan, while remaining 400 jobs will be cut at overseas locations. The job cuts will include both permanent and temporary positions.

What are the primary reasons for Sanyo layoffs?
Primary reasons for layoffs at Sanyo are the economic crisis leading to fall in sales and demand.

How many plants will be closed by Sanyo?
Around 3 plants will be closed by Sanyo at overseas locations.

Any other news about Sanyo layoffs
As per the news, Sanyo has cut thousands of jobs as it attempts to return to profit. Recently it has tried to focus on environmental technologies including solar energy and rechargeable batteries. However, even sales of solar and rechargeable batteries are now declining and can no longer be relied on to offset losses elsewhere in the group. Let's hope that alternative jobs are available to the affected employees of Sanyo Layoffs Job Cut