Tokyo, Japan — Hitachi changed their forecast from profitability to a 4.1-billion-dollar quarterly loss.
Hitachi is one of the world’s largest corporations. It was founded in 1910 by Namihei Odaira as an electrical repair shop. They succeeded in manufacturing three 5hp (3.6775 kW) electric motors as the company’s first products.
Today, they manufacture consumer products:
* Home Appliances
* AV Products
* Personal Computer / Mobile Phones
* Home Equipment / Life service
And, business products:
* Information Technology
* Security
* Electronic Devices / Materials
* Public / Urban / Transportation
* Medical / Health Care / Biotechnology
* Environment / Power / Industrial
Because of economic conditions, they plan to lay-off 7,000 workers.