The restructuring will allow Japan Display to save $ 455 million a year

As expected, the Board of Directors Japan Display has adopted a plan of restructuring. According to the estimates of a range of measures, including consolidating production and reducing personnel, reduce the cost of 455 million dollars a year.

It is planned to lay off about 3,500 employees. Of them, 240 people in Japan.

In addition, the company managed to obtain new credit from major lenders. Line size — 975 million dollars.

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Japan Display

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