Apple supplier Japan Display mulling cutting around 1,000 jobs: Nikkei
Reuters
Published May 14, 2019 08:36PM ET
Apple supplier Japan Display mulling cutting around 1,000 jobs: Nikkei
TOKYO (Reuters) - Apple Inc (NASDAQ:AAPL) supplier Japan Display Inc 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 3 p.m. (0600 GMT).
On Monday, it said the Chinese-Taiwanese group was delaying an up to 80 billion yen ($730 million) investment in order to reassess the company's prospects.
A Japan Display spokesman declined to comment on the Nikkei report.
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Written By: Reuters
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