Hitachi Cable Ltd is planning to cut about 1,200 jobs by March 31, mainly through early retirement, due to continuing losses from a slump in the domestic market. The planned cuts account for more than 10% of its roughly 9,100 workers in Japan.

The company, part of the Hitachi Ltd. group said that it will reorganize its operations, for example by scrapping its unprofitable undersea fibre optic cable business as part of their BRIDGE plan.

Under the plan, equipment will be sold off at a factory in Hitachi, Ibaraki Prefecture, that makes undersea fibre optic cable, while manufacturing bases for communications cables, whose prospects of growth are considered limited, will be consolidated.

(Sourced from www.wireworld.com)