Back

JUKI to Lay Off 209 Employees Across Japan and China

The company will incur an expense of ¥310 million as part of its workforce reduction across three sites in both countries.

Summary

JUKI has announced a reduction of 209 employees across its facilities in Japan and China, with the company incurring an expense of ¥310 million related to the layoffs.

Terms & Concepts
  • Workforce Reduction: The process of reducing the number of employees in a company, often through layoffs or early retirements, usually as a measure to reduce costs or reorganize operations.