NEC to cut 20,000 jobs worldwide

TOKYO (AP) — Japanese electronics giant NEC Corp. said it will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit by competition and the global economic slump.
NEC’s net loss for October-December swelled to 130 billion yen ($1.46 billion) from 5.2 billion yen a [...]