Japanese electronics maker Sanyo Electric Co. Ltd. announced that it plans to unveil some concrete restructuring steps by late October.
The manufacturer said in early July that it would cut 15 percent of its global workforce, shutter plants, and halve debt in a sweeping restructuring to return to profit, but did not give details.
Sanyo tracks rival consumer electronics makers having to undergo major restructuring amid intense price competition on televisions and other digital products. Sony Corp. and Matsushita Electric Industrial are also cutting jobs. (Reuters)
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