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Hitachi to Cut Work Force and CPT Business

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TOKYO, March 1 -- As part of its restructuring, Hitachi said it will lower its overall workforce by approximately 20,930 (15,100 in Japan and 5,830 overseas) by the end of June. In another step, Hitachi is withdrawing from its color picture tube business in the US. As a result, Hitachi Electronic Devices (USA) Inc., in Greenville, S.C., will shift its primary product focus to projection tubes used in projection TVs and will sell its CPT production equipment to Thomson Multimedia. The action will result in a reduction in the company's workforce by approximately 270 production workers and...Read full article

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    Published: March 2002
    industrialNews & Features

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