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Canon Slashes 700 Jobs At Japanese Factory
 
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Canon Slashes 700 Jobs At Japanese Factory  
This news was grabbed by 'Monika Bhati' on 4/7/2009
 
Canon, the world's third-largest maker of chip steppers, would cut about 700 jobs at its chip equipment operations, underscoring the fact that the global slowdown has forced chip makers to curb capital spending, reports Reuters. Steppers are multi-million dollar machines used to etch circuitry onto semiconductors and LCD panels. The company says most workers to be affected are in Japan and that the workers will be transferred to other sections within Canon. Canon declined to say how many staff it has in its chip stepper operations, but industry sources and the media in Japan have put the number to around 700.  Click here to read the full story  
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