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YAMAICHI ELECTRONICS CO LTD Offers Early Retirement Program; Expects Extraordinary Loss for Q2 of FY 2013

Friday, 26 Oct 2012 02:00am EDT 

YAMAICHI ELECTRONICS CO LTD announced that it plans to offer an early-retirement program to employees, during the period from November 1, 2012 to November 16, 2012. The employees will retire on December 7, 2012, and will be offered retirement pay and additional benefits. The Company expects approximately 80 employees to take up the offer. The Company also announced that it is expecting an extraordinary loss of JPY 833 million, as loss on revaluation of fixed assets, for the second quarter of fiscal year ending March 31, 2013. 

Company Quote

-4.0 -0.45%
19 Sep 2014