Fujitsu Facing More Troubles
There appear to be problems at Japanese tech conglomerate Fujitsu, with its first non-Japanese executive, Duncan Tait, shafted from the board.
Fujitsu has also revealed plans to close its German manufacturing plant and is laying off 50 per cent of its executive officers worldwide.
Tait apparently received his marching orders in July, but the news has only just been confirmed by Fujitsu. Observers say Fujitsu decided to dump Tait from the board after he missed several targets. He is officially resigning from the board on December 31.
He will remain as head of Europe, Middle East, India and Africa operations, maintain his position on the global executive committee and will still be among the top six executives at Fujitsu.