The crisis of confidence in Australian business circles may be over with demand for executive employees in December rising for the first time in five months, according to the E.L Executive Demand index.
IBM is to cut just under 5%, or 1,000 jobs, of its workforce in its microelectronics division due to decreased demand for semiconductors.
Solectron is to close its manufacturing plant in Sydney in 2002, laying off 490 people.
Amendment 1 to IPC-A-610C has just been released by the IPC.
Kyocera Mita's operations in the Asia-Pacific will be focused through a Sydney regional headquarters.
Estimates of the PC industry show annual spending is set to decline for the first time.
Alcatel has announced it is cutting another 10,000 jobs (9% of its work force).
Unisys has just disclosed plans to cut 3000 jobs as it reported that its earnings slumped 50% in the last quarter.
The Australian Electrical and Electronic Manufacturers' Association annual excellence awards presentation, will be held next week, Wednesday 24 October, in Sydney's Australian Technology Park.
The Asia Pacific IT industry, and consequently electronics industry, is expected to register lower revenues due to the global economic downturn and terrorist attacks, with Australia expected to be one of the most affected countries.
A rationalisation of Alcatel's submarine cable making operations has seen the loss of 320 jobs in Australia, as its Port Botany plant in Sydney is placed in neutral.
Ericsson's head of research, Hakan Eriksson, has said that the company is maintaining its current research and development budget and is already planning for 4G phones which are expected to be introduced in Japan in 2010.
Exports of locally designed ADSLs by NEC Australia have gone over the one million mark.
India's largest IT company, Wipro, plans to launch operations in Australia.
NEC has told the federal government that a greater focus on commercialising Australian communications research and development is required to get multinationals to invest here.