OTHER NEWS - Aug. 26, 1992

JVC to Cut Work Force by a Fifth: Victor Co. of Japan will reduce its global work force by more than 21% over the next year in response to tumbling sales that prompted the company to project a major financial loss in the year to March, 1993. JVC, a major producer of videocassette recorders, will shed 3,000 workers in Japan, the United Kingdom and Germany, a spokesman said. The company, a member of the Matsushita Electric Industrial group, currently employs 14,066, according to Toyo Keizai, a financial information publisher.