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Renesas Electronics Corp announces reorganization and to offer early-retirement program


Wednesday, 9 Jul 2014 02:00am EDT 

Renesas Electronics Corp:To reorganize the design and development functions of Renesas Electronics Corporation and of its wholly-owned subsidiaries Renesas Solutions Corporation, Renesas System Design Co., Ltd., and Renesas Engineering Services Co., Ltd., effective Aug. 1.Functions essential for the development of device solutions (mainly hardware), such as device development, sales promotion infrastructure, and device applied technology, will be consolidated at Renesas System Design with the aim of boosting development efficiency.Development of kits and platform solutions (mainly software), and business promotion functions, will be consolidated at Renesas Electronics to strengthen the solution offerings for expanding markets.Renesas Engineering Services will specialize in functions related to development and technical support with an aim of further boosting operational efficiency.To offer an early-retirement program to employees who wants to retire due to reorganization.Offering period from Aug. 7 to Aug. 21.Says the employees who take up the offer will retire on Sep. 30.The company will provide retirement payment and outplacement support to the retiring employees. 

Company Quote

906.0
-4.0 -0.44%
10:49pm EST