Rohm to slash 400 group jobs in Japan by next spring.OSAKA Osaka (ō`säkä), city (1990 pop. 2,623,801), capital of Osaka prefecture, S Honshu, Japan, on Osaka Bay, at the mouth of the Yodo River. , Nov. 8 KyodoRohm Co., Japan's biggest maker of custom chips, said Thursday it will cut 400 jobs from its group workforce of 6,200 by next spring in an effort to weather drops in sales and net profit in the first fiscal half to Sept. 30. The Kyoto-based company said it also plans to close by the end of this year a California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). plant operated by its subsidiary and shift production to Japan to raise its operating rate Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. . The job reduction will be carried out mainly through early retirement and attrition Attrition The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry. Notes: , Rohm said. The company reported Thursday its group net profit in the fiscal first half plunged 66.2% from the same period last year to 18.66 billion yen. Its group pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern profit in the first half fell 62.0% on year-on-year basis to 36.10 billion yen on a 25.2% fall in sales to 167.08 billion yen. Rohm said it will keep its interim dividend unchanged at 9.5 yen per share. For the full year to March 2002, Rohm projects its group net profit to come to 36 billion yen, down 58.2%, while its group pretax profit will fall 57.5% to 63 billion yen on sales of 324 billion yen, down 20.8%, it said. |
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