Yoshida in Japan: Renesas' cuts are GloFo's gain

Junko Yoshida, EETimes
2/14/2013 3:01 AM EST

Word of layoffs is depressing and heart-wrenching, especially so when it takes place on the massive scale that hit workers at Renesas Electronics.

Last fall, more than 7,500 employees--aged 40 and above–took the early retirement package.  The ailing Japanese chipmaker last month announced further cuts, with plans to eliminate another 3,000 jobs.
 
Conventional wisdom dictates that many of those thousands of people may not be able to find another full-time job ever again, despite their lifetime dedication to the company.
 
Think again. The key word missing in the sentence above is, “in Japan.”