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Totoku Electric Co Ltd to Sell Business and Subsidiary to JVC KENWOOD Corporation; Announces Early-retirement Program

Friday, 14 Dec 2012 01:15am EST 

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. 

Company Quote

-20.0 -0.35%
21 Nov 2014