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Renesas Electronics Corp Announces Outcome of Early-retirement Program; Announces Extraordinary Loss for Q2 of FY 2013

Wednesday, 3 Oct 2012 02:00am EDT 

Renesas Electronics Corp announced the outcome of an early retirement program, which was offered during the period from September 18, 2012 to September 26, 2012. 7511 of its employees took the offer and will retire on October 31, 2012. The employees will be offered retirement pay, additional benefits and outplacement support. As a result, the Company will record a JPY 85,000 million extraordinary loss on the offer of early retirement program, for the second quarter of the fiscal year ending March 2013. 

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-5.0 -0.64%
2:00am EDT