Hitachi to cut expenses to trim losses-Nikkei

Newswire

NEW YORK, Feb 25 (Reuters) - Hitachi Ltd , facing an estimated group net loss of 700 billion yen ($7.19 billion) for the year ending in March, plans to cut costs to improve profitability, Senior Vice President Toyoaki Nakamura said in an interview with financial daily Nikkei. Nakamura told the paper, in an interview running in its Thursday edition, that Hitachi's orders have "plunged" since late November, with electronic appliances and auto industry products particularly sluggish, and the ...

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