Global 500 rank: 356 (Previous rank: 300)
2006 loss: $388 million
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It has been a rough few years for the Japanese electronics maker. The company has been unable to gain market share in hot-selling categories such as cell phones and batteries because of competition from cheaper players in China and South Korea. To stem losses, Sanyo is tightening its belt. The company laid off 14,000 workers in 2006 and sold its stake in an LCD joint venture with Seiko Epson. It has also put its semiconductor business up for sale.
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