Japan Display cuts half of its workforce in Japan as losses mount
TOKYO -- Japan Display announced Thursday that it will cut approximately 1,500 employees, more than half of its domestic workforce, as it seeks to restructure its business amid continuing losses.
The Japanese panel supplier will offer voluntary retirement to employees. The company aims to reduce annual labor costs by 13.5 billion yen ($92.5 million). Personnel reductions will also be implemented overseas.
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