NEC Falls After Loss Forecast, 10,000 Job Cuts: Tokyo Mover

NEC Falls After Loss Forecast, 10,000 Job Cuts: Tokyo Mover

Haruyoshi Yamaguchi/Bloomberg

NEC will take a charge of 40 billion yen for the job cuts and also won’t pay a dividend for the year, the Tokyo-based maker of mobile phones, computers and wireless gear said yesterday after the market’s close.