Standalone workforce rationalization through a voluntary retirement program
First written in FY2020-Q2. 1 of 3 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2021-Q1.
4 other companies' latest entry also says "Achieved".
- FY2021-Q1AchievedAnnual report
「Since fiscal 2018, we have pursued restructuring centered on rebuilding our production system. In view of the business environment becoming more serious than anticipated, in the previous consolidated fiscal year we implemented more extensive restructuring and conducted a voluntary retirement program at the Company to reduce fixed costs while improving operating efficiency, resulting in 129 employees retiring.」
The disclosure states that 129 employees retired at the end of March 2020 under the voluntary retirement program targeting standalone employees, indicating that the program had been completed through the retirement stage. - FY2020-Q3AdvancedAnnual report
「In addition to recording an impairment loss of ¥1,884 million in the second quarter, we recorded ¥2,410 million in special additional payments associated with the voluntary retirement program and costs associated with the relocation of the consolidated subsidiary in China, 蘇州日本電波工業有限公司, in other operating expenses as restructuring costs in the third quarter.」
Special additional payments associated with the voluntary retirement program were incurred and recorded as part of restructuring costs. The program has progressed to the implementation stage, involving the incurrence of expenses. - FY2020-Q2First statedAnnual report
「We will conduct a voluntary retirement program for approximately 100 employees of the Company on a standalone basis. Application period: 25 November 2019 to 24 December 2019 (scheduled) Retirement date: 15 March 2020 (scheduled)」
As a fundamental fixed-cost reduction measure, the Company has announced for the first time the voluntary retirement program for approximately 100 standalone employees, including the application period and scheduled retirement date.