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Posted on ZDNet News: Jan 30, 2009 7:09:00 AM

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Japan's NEC said on Friday it would cut its groupwide workforce by 20,000 people, and look for ways to exit its industrial LCD-related business.

The job cut, to take place by March 2010, includes a previously announced staff reduction by NEC Electronics. As of the end of December, the group employed 150,000 people.

Story Copyright © 2009 Reuters Limited. All rights reserved.

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