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.