Heavy Machinery & Vehicles
Jiangsu Rainbow Heavy Industries Co Ltd <002483.SZ> :Says it plans to dissolve its wholly owned ocean engineering technology unit.
Doosan Engine Co., Ltd <082740.KS> : Says it will halt the medium speed engine production business from June 1 due to transfer its production facility to enhance efficiency .Says suspended amount is 92.9 billion won.
Hitachi Construction Machinery Co Ltd:Says 489 employees took up the offer of the early-retirement program announced on Sep. 29, 2015.Effective period of retirement is from Jan. 20 to March 20.A premium will be added to the normal retirement allowance of eligible applicants.Says eligible applicants will also have the option to receive job-placement assistance.
Zhejiang Dingli Machinery Co Ltd:Completes the dissolution of a wholly owned subsidiary, which is a Hangzhou-based trading company.
Bucher Industries AG:Planned streamlining of sweeper manufacture will result in loss of some 65 jobs in Switzerland and Great Britain .Cost of streamlining measures will be 4 million Swiss francs and will be recognised in fiscal 2016 and 2017.In Latvia, on other hand, a corresponding number of new positions will be created.