Semiconductor maker Renesas Electronics Corp. is planning to cut about 5,400 employees by the end of March 2016, it has been learned.
The struggling chipmaker also is considering downsizing its workforce by dismissing some employees for the purposes of reorganization, according to sources.
About 3,000 employees already left the Japanese chipmaker through early retirement system among others in the April to September period last year. However, the figure still has not met the target set by the company, making it decide to slash additional 5,400 workers at home and abroad, bringing the total number to 8,400, or 25 percent of the entire workforce, the sources said.
Having Mitsubishi Electric Corp., Hitachi Ltd. and NEC Corp. as its major shareholders, Renesas manufactures semiconductors for automobiles.
The Japan News
