TOKYO-NEC Corp. plans to cut 15,000 jobs, or 9.7 percent of its work force, over the next three
years as it struggles to recover from slumping sales and massive losses at its Packard Bell division.
NEC said its
business environment has proved severe due to the delayed Japanese economic recovery, depressed demand resulting
from the economic crisis in Asia as well as Central and South America and a rapid rise in the value of the Yen.
