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SATORI ELECTRIC CO LTD Announces Result of Early Retirement Program; Expects Extraordinary Loss for FY 2013

Thursday, 4 Apr 2013 02:00am EDT 

SATORI ELECTRIC CO LTD announced the result of an early retirement program, which was offered during the period from March 1, 2013 to March 29, 2013. 81 of its employees took the offer and will retire on April 30, 2012. The employees will be offered retirement payment, additional benefits and outplacement support. As a result, the Company will record an extraordinary loss of JPY 834 million caused by retirement payment, for the fiscal year ending May 31, 2013. 

Company Quote

-3.0 -0.44%
29 Aug 2014