Business Selection and Concentration and Establishment of an Earnings Structure Through a Voluntary Retirement Program
First written in FY2020-Q3. 2 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In connection with the planned closure of the plant of SHIBAURA MACHINE (SHANGHAI) CO.,LTD. in Shanghai, China, the company reduced the carrying amounts of assets scheduled for disposal with no expected future use, and assets for which no reasonable use plan was currently expected, to their recoverable amounts and recognized impairment losses.」
The planned closure of the Shanghai plant in China has been specified as a business restructuring involving impairment of assets scheduled for disposal and recognition of ¥1,058 million in special retirement allowances. - FY2020AdvancedAnnual report
「The company is also implementing transfers and voluntary retirement measures aimed at optimizing resource allocation and reducing fixed costs.」
The company stated that measures to reduce fixed costs and select and concentrate its businesses, including voluntary retirement, had progressed from the recruitment-policy stage to the implementation stage. - FY2020-Q3First statedAnnual report
「The management reform plan includes the following. 1. Reasons for recruiting voluntary retirees: As announced in the notice dated 4 February 2020 concerning the review of the medium-term management plan and formulation of a management reform plan, the company reviewed its current medium-term management plan and formulated a management reform plan with a greater focus on securing profitability. Under this management reform plan, the company decided to recruit voluntary retirees in order to select and concentrate its businesses, establish a reliable profit-generating structure to achieve sustainable growth over the medium to long term, and provide employees with options during this major turning point for the company.」
As part of the review of the medium-term management plan and the management reform plan, the company first stated its policy of recruiting voluntary retirees to select and concentrate its businesses and establish a profit-generating structure. The program covered all employees of the company and its subsidiaries, with approximately 200–300 positions targeted. Applications were scheduled from mid-March to early April 2020, with retirement dates scheduled between 1 April and 30 September 2020.