Reviewing Geiger Automotive's Production Structure and Ensuring Stable Production of High-Value-Added Products
First written in FY2019. 7 of 9 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Special retirement payments consisted of dismissal benefits, including special retirement payments, and other costs arising from the workforce reduction at Geiger Automotive GmbH, a consolidated subsidiary of the Company, which were recorded as extraordinary losses.」
The workforce reduction at Geiger Automotive GmbH was implemented, and special retirement payments of ¥1.283 billion were recorded. - FY2026-H1AdvancedAnnual report
「Special retirement payments for the six-month consolidated accounting period consisted of dismissal benefits, including special retirement payments, and other costs arising from the workforce reduction at Geiger Automotive GmbH, a consolidated subsidiary of the Company, which were recorded as extraordinary losses.」
The workforce reduction at Geiger Automotive GmbH progressed to the implementation stage, and special retirement payments of ¥539 million were recorded. - FY2025AdvancedAnnual report
「Special retirement payments for the consolidated fiscal year consisted of dismissal benefits, including special retirement payments, and other costs arising from the workforce reduction at Geiger Automotive GmbH, a consolidated subsidiary of the Company, which were recorded as extraordinary losses.」
For Geiger Automotive GmbH, the previously planned workforce reduction progressed to the implementation stage, and special retirement payments of ¥980 million were recorded. - FY2021AdvancedAnnual report
「Although the large-scale lockdowns and nighttime curfews implemented in European countries from March 2020 were subsequently eased and economic activity began to recover, infections resurged, particularly due to variants originating in the United Kingdom, leading some countries to reintroduce lockdowns. Restrictions on economic activity have therefore been prolonged, and the situation remains uncertain.」
The effects of structural reforms and fixed-cost reductions emerged in the European business, including Geiger, and the European segment recovered from an operating loss in the previous fiscal year to an operating profit of ¥772 million. - FY2020-Q3AdvancedAnnual report
「Regarding the workforce reduction affecting approximately 120 employees at Geiger Automotive GmbH, a consolidated subsidiary of the Company, based on the resolution adopted at the meeting of the Board of Directors held on 29 October 2019 and described as a significant subsequent event during the six-month period ended 30 September 2019, the Company is notifying the affected employees of their dismissal and proceeding with the procedures for their departure.」
Regarding measures to improve Geiger Automotive GmbH's profitability, the Company progressed from resolving to reduce the workforce by approximately 120 employees to the stage of issuing dismissal notices and conducting departure procedures. Dismissal benefits and other costs are scheduled to be recorded in the fourth quarter of the fiscal year ending March 2020. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 October 2019, the Company resolved to reduce the workforce of its consolidated subsidiary Geiger Automotive GmbH by approximately 120 employees to improve profitability.」
For Geiger Automotive GmbH, the Company resolved to reduce the workforce by approximately 120 employees as a specific measure to improve profitability, in addition to reviewing the production structure to establish stable production of high-value-added products. - FY2019First statedAnnual report
「For Geiger Automotive GmbH, which recorded an impairment loss in the current fiscal year, we will review its production structure and work to establish stable production of high-value-added products.」
For Geiger Automotive GmbH, which recorded an impairment loss, the Company identified a review of the production structure and stable production of high-value-added products as remedial measures.