Japan's Hitachi Metals to cut about 3,200 employees
TOKYO (Reuters) - Japan's Hitachi Metals Ltd <5486.T>, which makes components for cars and industrial equipment, said on Tuesday it would cut about 3,200 employees in Japan and overseas as it copes with the impact of the coronavirus.
It will try to make 1,000 of those job cuts through voluntary retirement, the company said.
(Reporting by Kaori Kaneko; Editing by Andrew Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China seen holding loan rates steady in August despite economic weakness
- Attacks on aid workers hit record high in 2025, UN says
- Hormuz traffic slows as uncertainty over waterway persists
Create E-mail Alert Related Categories
ReutersRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share