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October 22 Beijing time, Nikkei News published an article "bearing giant NTN layoffs in Japan into1%" abstracts are as follows: Japan bearing giant NTN layoffs in Japan, about 700-800 people. As the main business of auto parts business profitability is deteriorating rapidly, the company flexibility in the use of early retirement system. By reducing the production line, the company will strive to reduce cost 50 billion yen between 2014 fiscal year to March 2015). The company will present the idea to the trade union organizations. The layoffs object is located the Iwata factory in Shizuoka Prefecture and factory workers in Bizen, Okayama Prefecture. Including the business outside auto parts business capacity, the Group productivity in Japan will reduce from the current 6 percent to 5 percent. European business accounts for about a quarter of the revenue, the downturn in the European economy and the appreciation of the yen on the company's business has brought negative impact. Automotive parts business of the group bring a loss of 3.2 billion yen in the previous fiscal year, the company expects results for the fiscal year will continue to deteriorate. FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
