Japan's TDK to cut 8,000 jobs, forecasts loss

Japanese electronics component maker TDK Corp. said Thursday it would cut 8,000 workers and post its biggest net loss ever this fiscal year, due to falling orders and a stronger yen.

The company _ known to consumers for its DVDs, audio tapes and other recording media _ will cut the jobs as it closes four factories outside of Japan, said spokesman Kazutoshi Kogure. He declined to comment on which factories it would close.

TDK is the latest of Japan's big-name manufacturers to cut jobs and scale back production as the global economic slump unfolds. Others, including Toyota and Sony, have also announced cuts in recent months.

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