Society | Aug 09

Japan Display to slash over 3,000 jobs

Aug 09 (NHK) - Japan Display is considering tough downsizing measures to help save its struggling business, including slashing more than 3,000 jobs.

The maker of liquid-crystal display panels has booked net losses for 3 straight years due to poor sales of LCDs for smartphones.

Sources say the company is planning to shut down an assembly line at a plant in Ishikawa Prefecture on the Sea of Japan coast.

It will also ask more than 200 employees in Japan to take early retirement.

The cuts would go considerably deeper overseas. The firm is expected to close or reduce production at plants in China and the Philippines, and lay off more than 3,000 workers.

Some of that production will then be outsourced.

Source: ANNnewsCH

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