Japanese electronics company NEC has announced plans to cut 10,000 jobs – or 8.6 percent of its workforce – as it responds to decreasing sales of its mobile phones, wireless technology and computers, which it expects to lead to its third annual loss in four years. Around 7,000 of the roles will be cut in Japan, with the remaining 3,000 going overseas. The company forecast a JPY100 billion (US$1.3 billion) loss for the year ending 31 March 2012 in contrast to its previous outlook of a JPY15 billion profit.
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