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Totoku Electric Co Ltd Announced the Outcome Of Early Retirement Program, Announces Extraordinary Loss for FY 2013


Friday, 29 Mar 2013 02:00am EDT 

Totoku Electric Co Ltd announced the outcome of an early retirement program, which was offered during the period from January 2013 to February 2013. 58 of its employees took the offer and will retire on March 20, 2013.The employees will be offered retirement pay, additional benefits and outplacement support. As a result, the Company will record a JPY 263 million extraordinary loss on the retirement payment, for the fiscal year ending March 2013. 

Company Quote

1723.0
-61.0 -3.42%
2:00am EDT