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Renesas aims to optimise personnel structure

Posted: 22 Jan 2013 ?? ?Print Version ?Bookmark and Share

Keywords:job cuts? restructuring? SoCs? IP? OS?

As part of the company's ongoing restructuring initiative, Renesas Electronics has announced that it plans to pare down its direct sales business to involve more dealerships and offer early retirement for affected employees.

Due to factors such as prolonged debt worries in Europe, further market slowdown in China and other emerging economies, the company has decided to merge Renesas Electronics Sales with Renesas Electronics to speed up decision-making and improve response capabilities to customers. The planned merger is due to take effect by in October 1, 2013.

It was reported back in October that Renesas will receive government bailout through investment fund Innovation Network Corp. of Japan (INCJ). In return for a two-thirds stake in the company, INCJ will funnel around $1.9 billion. A group of about 10 companies will also invest an additional $633 million in total. (See Renesas to be bailed out by Japanese investment group.)

In addition of supplying customers with kit solutions leveraging the company's core competence MCUs, Renesas plans to provide platforms consisting of common software, including IP and OS, that is optimised respectively for each application, thereby contributing to shorter development time and increased cost competitiveness. (SeeRenesas shows next-gen MCU, MPU roadmap.)

The company has since implemented several changes among its subsidiaries. The software development and tool development functions of Renesas Micro Systems (RMS) have been consolidated at Renesas Solutions. RMS and Renesas Design will be integrated into a newly established design company. Musashi ES and Kitaitami ES will be merged into a single design support company.

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