Pioneer to cut 10,000 jobs globally
Japanese electronics company Pioneer is to cut 10,000 jobs globally.
Pioneer said it will slash 6,000 full-time workers at home and abroad, accounting for 16% of the company's global workforce of 36,900.
The Tokyo-based company will also cut 4,000 temporary workers at its Japanese and foreign plants. The company did not give a regional breakdown.
The massive job cuts are due to a plunge in sales of car audio equipment and plasma TVs amid a deepening economic downturn.