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Shibaura Mechatronics Corporation Announces Outcome of Early-retirement Program; Expects Extraordinary Loss for Q2 of FY 2013

Wednesday, 5 Sep 2012 04:00am EDT 

Shibaura Mechatronics Corporation announced the outcome of the early-retirement program, which was announced on April 26, 2012. 201 of its employees took the offer and will be offered retirement payment, additional benefits as well as outplacement support. As a result, the Company expects to record a JPY 900 million extraordinary loss on the offer of the early-retirement program, for the second quarter of the fiscal year ending March 2013. 

Company Quote

-1.0 -0.32%
11 Jul 2014