Japanese semi-conductor maker set to cut up to 14,000 jobs

default_image

© Khunaspix Dreamstime.

By Alex Lennane

28/05/2012

Semi-conductor sales have always been considered a leading indicator for air freight, which helps keep the industry’s lean supply chains operating. Sadly, Renesas, a Japanese semi-conductor maker is set to cut up to 14,000 jobs, despite having a 40% market share in automotive chips. Its non-automotive customers include Apple, Sony and Nintendo.

Read more...

Topics

Most read news

What will Trump's win mean for the logistics industry?

No end to chaos in sight for shippers as Canada's port rows escalate

Ripples from standstill at strike-bound Canadian ports could spread inland

Canadian forwarders 'extremely frustrated' by lack of action to end port strikes

Cargo operations at Brazil's Guarulhos Airport on brink of collapse

Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Disruptions at Canadian ports see rail operations hit the buffers

Carriers drop calls at Hamburg after congestion builds at CTA

Port of Valencia slowly gets back to work after floods from rainstorms

Box shipping's resilience will be tested after September drop in volumes

CMA CGM to resume Suez transits on India-US east coast service

Red Sea crisis provides a bonus for Chinese container manufacturers

Cross-border ecommerce continues to dominate air cargo markets

US port operators brace for tariff blitz if Trump gets second term

DHL lowers profit expectations after weaker-than-expected Q3

Houthis earn $2bn a year from Red Sea protection racket