1,200 workers face axe at electronics firm; EMPLOYMENT: ECONOMY TODAY.FUJITSU (company) Fujitsu - A Japanese elecronics corporation. Fujitsu owns ICL, Amdahl Corporation, and DMR. Home USA, Japan. plans to axe 1,200 jobs in the UK because of lower than expected revenues, the Japanese giant announced today. The firm, which employs 12,500 workers in this country, unveiled a rationalisation Noun 1. rationalisation - (psychiatry) a defense mechanism by which your true motivation is concealed by explaining your actions and feelings in a way that is not threatening rationalization programme across its workforce, saying the cuts were being made "reluctantly". The company said in a statement: "Action is necessary to ensure that the company remains competitive in the current difficult global economic climate and is in a solid position for future growth when the economy starts to recover. "Fujitsu has a strong history of consultation with employees and is committed to working with elected representatives to consider ways of achieving the necessary reductions." |
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