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    TDK slashes jobs

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    euronews (in English)

    by euronews (in English)

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    The strong yen is one reason why TDK has announced plans to lay off 11,000 people -- that is around 12 percent of its workforce. The Japanese electronic component maker also blamed the floods in Thailand and slower demand for products as it lowered its earnings forecasts for this year. ... http://www.euronews.net/