Fujitsu to Cut 4,000 Jobs Next Year

Fujitsu Ltd., which expects a record $2.8-billion loss in the fiscal year ending March 31, will cut as many as 4,000 jobs next fiscal year in a bid to return to profit. The Tokyo-based company will cut as many as 2,000 workers in the year ending March 31, 2003, by shutting some factories and offering incentives for workers to quit the company, a senior executive said.