Hitachi to Announce Restructuring of Color TV Operations in Asian Region.Business Editors/High-Tech Writers SINGAPORE Singapore (sĭng`gəpôr, sĭng`ə–, sĭng'gəpôr`), officially Republic of Singapore, republic (2005 est. pop. 4,426,000), 240 sq mi (625 sq km). & TOKYO--(BUSINESS WIRE)--June 29, 2001 Hitachi Hitachi (hētä`chē), city (1990 pop. 202,141), Ibaraki prefecture, E central Honshu, Japan, on the Kashima Sea. The city is a leading producer of Japan's electrical equipment. , Ltd. (NYSE NYSE See: New York Stock Exchange :HIT) today announced that, as part of its restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color TV operations in Asian region, the company has decided to transfer color TV product management and R&D capabilities from Hitachi Consumer Products (S) Pte. Ltd. (HCPS HCPS Henrico County Public Schools (Virginia) HCPS Hard Copy Processing System (US Navy NUWC sonar display system) HCPS Hybrid Cutoff Priority Scheme ) to Hitachi Asia Ltd. (HAS), Hitachi's regional headquarters. The company has also decided to transfer the manufacturing of color TVs at HCPS to Hitachi's factories in China and Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. . The production of vacuum cleaners vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. at HCPS will also be transferred to Thailand. The measures announced today will make Singapore Hitachi's base for its color TV product management and R&D. HAS is responsible for sales, marketing and international procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. in the Asian region. Following the transfer of color TV product management and R&D, HAS will be able to develop the TV products that further meet market needs. Affected by the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. of the global economy, prices of color TVs have been declining rapidly due to increased competition. And against this backdrop Backdrop may refer to:
About 550 HCPS employees will be affected by the restructuring including about 20 R&D engineers and product management staffs that will be transferred to HAS. Affected employees will receive a compensation package based on the Collective Agreement signed with the Union. An outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. initiative will be implemented to transfer some of the affected employees to other Hitachi Companies. Hitachi is also working with the relevant government agencies to place affected employees in other companies. Hitachi will have a total of about 6,500 employees in Singapore after the restructuring. Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 2000 (ended March 31, 2001) consolidated sales of 8,417 billion yen ($67.9 billion(1)) The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://global.hitachi.com. (1) At an exchange rate of 124 yen to the dollar.
Product line New manufacturing site
------------ ----------------------
Wide-screen color TVs Hitachi Fujian Digital Media
Company Ltd. (Fuzhou China)
4:3 color TVs P.T. Hitachi Consumer Products
Indonesia (Jakarta Indonesia)
Vacuum cleaners Hitachi Consumer Products
(Thailand), Ltd. (Bangkok Thailand)
About HCPS(2)
Company Name: Hitachi Consumer Products (S) Pte. Ltd.
Location: Singapore
Capital: 18.66 million Singapore $
Established: October 1972
President: Hisayuki Kashimoto
Business: Manufacturing and sales of TVs and vacuum cleaners
No. of Employees: About 550
About HAS(2)
Company Name: Hitachi Asia Ltd.
Location: Singapore
Capital: 24 million Singapore $
Established: February 1989
President: Takashi Muraki
Business: Sales of Hitachi products, services and
international procurement of components and
materials.
No. of Employees: About 870
About HFDM(2)
Company Name: Hitachi Fujian Digital Media Company Ltd.
Location: Fuzhou, China
Capital: 100 million yuan
Established: June 2001
President: Yoshiteru Isago
Business: Design, production and marketing of projection TVs
and other digital media products
No. of Employees: About 450 (estimated as of December 2001)
About HCPI(2)
Company Name: P.T. Hitachi Consumer Products Indonesia
Location: Jakarta, Indonesia
Capital: 12,780 million Rupiah
Established: December 1992
President: Hisayuki Kashimoto
Business: Manufacturing and sales of color TVs, gas cookers
and rice cookers
No. of Employees: About 950
About HCPT(2)
Company Name: Hitachi Consumer Products (Thailand), Ltd.
Location: Samutprakarn, Thailand (near Bangkok)
Capital: 1,050 million Bahts
Established: November 1970
President: Hoya Nakamura
Business: Manufacturing and sales of refrigerators room,
air conditioners, pumps, fans, and rice cookers
No. of Employees: About 2,320
(2) Figures as of May 31, 2001
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