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Renesas cuts 14,000 jobs; fab sale to TSMC

5/26/2012 00:10 AM EDT
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yalanand
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
yalanand   6/4/2012 3:06:41 PM
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If lucky 1400 will join TSMC but what will happen to the other employees ? Will the be properly compensated ? Japan is facing lot of problems this decade like earthquakes, tsuname and financial slowdown. I hope thing will return to normalcy in Japan soon.

docdivakar
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
docdivakar   6/1/2012 12:42:00 AM
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This is sad, they had a group that did power management IC's and discretes that seemed to be doing well couple of years ago. MP Divakar

Robotics Developer
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
Robotics Developer   5/29/2012 3:49:07 PM
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It would seem that the company has been hit with the double whammy of poor sales due to economy and a large infrastructure that was too expensive to maintain. The cuts and reorganization will be painful, I am wondering if they will have enough strength and product offerings to survive?

elctrnx_lyf
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
elctrnx_lyf   5/28/2012 7:00:32 AM
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TV market is certainly saturated recently and the companies involved in making semiconductor parts for the TV's could face the burn.

Kinnar
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
Kinnar   5/27/2012 6:48:24 PM
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It can be understand that the decline in the FlatTV leads to the closing of the facility, but why the plant which is designing and manufacturing ICs for LCDs is also being closed?

_hm
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
_hm   5/27/2012 4:36:41 PM
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Dynamic market condition and slow response creates similar situation. It is very essential to have vision at top management level.

JStav
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
JStav   5/27/2012 4:08:01 PM
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This is not a big surprise. They are the largest microcontroller company in the world, but I don't think they'll hold that distinction for too much longer.

wilber_xbox
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
wilber_xbox   5/27/2012 9:45:46 AM
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This is large scale restructuring. Consumer electronics and TV market has seen a major shift from Japanese manufactures to Samsung and others.

GREAT-Terry
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
GREAT-Terry   5/26/2012 4:39:32 PM
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It is not a good sign! More job cut and shift of technology again!

agk
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re: Renesas cuts 14,000 jobs; fab sale to TSMC
agk   5/26/2012 12:34:32 PM
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The Television market growth was fueling many industrial sectors. this slow down of TV sales may b for 3 more years and again catching up for another 10 years.Mean while many companies depended on TV business seems to be doing major restructuring.A big unemployment status.

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