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Totoku Electric Co Ltd to Sell Business and Subsidiary to JVC KENWOOD Corporation; Announces Early-retirement Program
Totoku Electric Co Ltd announced that it has decided to sell information equipment business and all 6,000 shares (100% stake) of the subsidiary which is engaged in this business to JVC KENWOOD Corporation. The Company has decided to offer an early-retirement program, during the period from January to February 2013. The Company expects approximately 40 employees to take up the offer. The Company will provide retirement payment, special allowance and reemployment support.
Latest Developments for Totoku Electric Co Ltd
- Totoku Electric Co Ltd Announces Extraordinary Loss for Q1 of FY 2014
- Totoku Electric Co Ltd to Sell Information Equipment Business and Subsidiary to JVC KENWOOD Corporation
- Totoku Electric Co Ltd Announced the Outcome Of Early Retirement Program, Announces Extraordinary Loss for FY 2013
- Totoku Electric Co Ltd to Dissolve Overseas Subsidiary; Expects Extraordinary Profit for FY 2014
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