20 May 2019, Monday | 05:32am

Apple supplier Japan Display mulling cutting around 1,000 jobs

2019-05-15

TOKYO: Apple supplier Japan Display is considering slashing about 1,000 jobs, or about a fifth of its parent-only workforce, as it eyes a bailout from a Chinese-Taiwanese consortium, the Nikkei business daily reported on Wednesday.

The struggling smartphone screen maker is expected to announce restructuring measures along with its full-year earnings at 3pm.

On Monday, it said the Chinese-Taiwanese group was delaying an up to 80 billion yen (US$730 million) investment in order to reassess the company’s prospects. A Japan Display spokesman declined to comment on the Nikkei report.

REUTERS

 

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