Japan Display to slash over 3,000 jobs
NHK -- Aug 09
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.

経営再建中のジャパンディスプレイは液晶事業の低迷で財務基盤が悪化したため、数千人規模の人員削減や外部資本の受け入れを検討していることが分かりました。
News sources: NHK, ANNnewsCH
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