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Employment News

Japanese Firm to Hire 10,000 Employees


Date Posted: Apr 12, 2010

New Japanese firm is set to expand operations again in the Philippines and is expected to create over 10,000 jobs to the Filipinos.

Nidec Corporations is one of Japan’s leading electronic firms and manufacturer of small precision motors for various applications like computers, appliances, and automobiles, electronic and optical components from cameras and other equipment as well as machinery, including industrial robots.

Nidec has already invested P15 billion for its three plants in Laguna and one in Subic which employes a total of 14,500 workers.

Nidec Corp. chairman and chief executive officer Shinegobu Nagamori said the company decided to expand in the country due in part to the “sales skills” of Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima.

“They’re (NIDEC) going to double their capacity with $300 million or P13 billion and create 10,000 additional jobs. They are very happy with the labor standards of our workforce. They are willing to invest as much as $1 billion if there’s enough engineers and supply of raw materials,” Trade Secretary Jesli Lapus said.

Nidec has factories, offices and research facilities in Japan, the US, Europe including the Philippines, Singapore, China, Taiwan and Vietnam.

 

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