Microsoft is likely to lay off 10% of its employees to save 1.2 billion U.S. dollars cost
On December 25, according to foreign media reports, analyst Brad Reback a few days ago said that Microsoft would be likely to lay off 10% of its employees this year to save 1.2 billion U.S. dollars cost.
It is reported that in recent days, Microsoft is preparing to carry out a “massive” layoff action, which will start as early as on January 15. In this regard, Baker, said: “Microsoft may lay off 10%, as to the layoff, it is very painful. But for Microsoft, which is reasonable.”
Toyota sales drop; Toyota declines the production and employee number; Company will cut 10% production in China
Toyota said in a statement, in view of the decline in sales, the company will cut production in global scale, the 2008 fiscal expectation for annual output will cut from 9.5 million to 9.23 million; the plant in the United States and Canada will be further reduced its production; the company will temporarily lie over its plan of new plant construction in Mississippi U.S.; in Japan, the company will implement production reduction and lay off temporary workers.
Bloomberg News: U.S. helping auto industry will benefit the European car makers
On 8th, the U.S. Congress raised the amount of a 150 billion dollar of rescue programs for automotive industry. Bloomberg said the program will not only help the U.S. auto industry out, as well as the European car manufacturers would benefit. If the collapse of the automotive industry of the United States, it will enable the United States, the world’s major car market, sales be hit and at the same time funding has led to inadequate worsened auto parts suppliers. These suppliers are also at the same time for the European car companies in North America, as well as in other parts of the plants, providing parts and components.
Toyota Europe president: auto market next year will be unpredictable
Xinhua in Beijing on December 10th, the president of Toyota Motor Europe on the 9th in Paris said that Toyota’s European market in both of the production and marketing slowed down because of the demand of overall auto market has obviously been afected by financial crisis, so the company next year is difficult to envisage operation.
Comments Off
Toyota of Japan substantially lower its expected profits of fiscal year 2008
Due to the global economic depression and the impact of the strong yen, Toyota Motor Corporation reduced its expected net profit by 50% of its 2008 fiscal year (April 2008 to the end of March 2009).Prior report shows that Toyota’s income dropped 48% in the first six months of this fiscal year.
Littlesheep encountered “abroad frustration ” that direct selling restaurants change into Franchise restaurants in Japan
Hot pot chain restaurant Littlesheep (00968.HK) announced that it will sell 62.5 percent stake of Japan Littlesheep Co.,Ltd to its partner company from Japan . After the transaction, the Littlesheep of China will no longer hold stake in Japan’s Littlesheep Co.,Ltd,and three restaurants in Japan will change into Franchise restaurants.
Translate (most links are in Chinese)