Voluntary Retirement and Workforce Optimization as Part of Structural Reform
First written in FY2020-Q3. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2021-Q3.
22 other companies' latest entry also says "Advanced".
- FY2021-Q3AdvancedAnnual report
「Additional retirement allowances 1,102 4,184」
Additional retirement allowances for the cumulative third quarter totaled ¥4,184 million, up from ¥1,102 million in the same period of the previous year. Expenses related to structural reforms, including voluntary retirement, are being recognized progressively. - FY2021-Q1AdvancedAnnual report
「Overview of the recruitment of voluntary retirees ① Company covered: シチズン時計マニュファクチャリング株式会社 ② Eligible employees: Employees ③ Number sought: 550 (planned) ④ Application period: 14 October 2020 to 18 November 2020 ⑤ Retirement date: 31 December 2020 ⑥ Preferential measures: Payment of additional retirement allowances」
As a workforce optimization measure aligned with movement production volumes, the company resolved to recruit 550 voluntary retirees at シチズン時計マニュファクチャリング, and specified the application period, retirement date and additional retirement allowance. - FY2020AdvancedAnnual report
「The additional retirement allowances for the current consolidated fiscal year primarily relate to structural reforms in the devices business. Of this amount, ¥1,337 million represents the provision for business reorganization and disposal losses.」
The company recorded ¥2,835 million in additional retirement allowances in connection with structural reforms in the devices business, with the workforce optimization measures reflected as an expense. - FY2020-Q3First statedAnnual report
「Recruitment of voluntary retirees 1. Overview of the recruitment of voluntary retirees ① Companies covered: シチズン電子株式会社 and シチズン電子タイメル株式会社 ② Eligible employees: Employees ③ Number sought: Approximately 200 ④ Application period: The application period set by each company ⑤ Retirement date: 30 June 2020 ⑥ Preferential measures: In addition to the standard severance payment for company-initiated retirement, an additional payment will be provided, along with outplacement support.」
The company introduced a policy to recruit approximately 200 voluntary retirees from among employees of シチズン電子 and シチズン電子タイメル, with retirement scheduled for 30 June 2020, and to provide additional payments and outplacement support.