Laguna-based TDK-Fujitsu cuts 2,000 jobs

MANILA, Philippines - TDK Fujitsu Philippines Corp. (TFPC), which makes magnetic recording heads for computer hard disk drives, said it laid off 2,000 workers in its Biñan, Laguna facility. TFPC is different from Fujitsu Computer Product Corp. of the Philippines Inc. (FCPP), which cut 1,750 jobs earlier this year, according to various reports which came out on Wednesday afternoon. TFPC’s layoffs were confirmed by Labor Secretary Marianito D. Roque during a briefing in Quezon City. TFPC, an international private company, maintains a facility in a special export processing zone at the Laguna Technopark Phase 3, reports said. However, while TFPC and FCPP are separate entities, their parent companies agreed to work together five years ago. In the middle of 2004, TDK Corp. and Fujitsu Ltd. – the parents of TFPC and FCPP – undertook an agreement to design, develop, and produce heads for hard disk drives. FCPP, the local unit of Fujitsu that makes computer hard disk drives, was established in 1995. Its facility is located at the Carmelray Industrial Park in Canlubang, Laguna. FCPP – including other Fujitsu businesses in the country – currently employs an estimated 6,000 workers, said Ernesto G. Espinosa, FCPP’s vice president for human resources and general affairs. - GMANews.TV