Turner Broadcasting offering buyouts

Aug 27, 2014

Turner Broadcasting offering buyouts

The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner. The offer went out to U.S.-based employees who are over 55 and ...

Jul 31, 2014

Panasonic's revamp efforts continue to pay dividends

Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products. The electronics giant said group operating profit rose 28.2 percent to ¥82.29 ...

Jul 25, 2014

Sharp to pull out of last overseas solar panel venture

In a further reorganization of its solar business, Sharp Corp. is pulling out of its Italian solar venture, its last overseas panel manufacturing plant. The Osaka-based company agreed to transfer its one-third stake in 3Sun Srl to partner Enel Green Power SpA, Sharp said ...

Jul 20, 2014

Ricoh cancels transfer orders for 100 workers

Ricoh Co. plans to cancel job transfer orders for some 100 employees who refused to apply for early retirement, sources said Saturday. Some of the employees have filed lawsuits, asking a court to confirm that they have no obligation to agree to be transferred. ...

Sony completes sale of PC business, splits TV operation

Jul 2, 2014

Sony completes sale of PC business, splits TV operation

Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business. Sony’s Vaio-brand PC business in Japan was transferred to a company named ...

Jun 3, 2014

Ex-JAL cabin attendants lose court ruling over dismissal

The Tokyo High Court on Tuesday ruled against 71 former Japan Airlines Co. cabin attendants who were seeking reinstatement after being dismissed as part of the airline’s corporate restructuring in the wake of its 2010 bankruptcy. The court ruled “the personnel cuts were necessary ...

May 25, 2014

Sony still a Walkman in an iPad age, skeptical analysts say

Sony’s latest bid to halt years of losses and resuscitate its brand has provoked snorts of derision among analysts who say it falls way short. The criticism came after Sony Corp. President Kazuo Hirai on Thursday pledged to drag the electronics giant out of ...

Renesas hopes to ax 5,400 more jobs

Jan 22, 2014

Renesas hopes to ax 5,400 more jobs

Struggling chipmaker Renesas Electronics Corp., seeking to accelerate restructuring efforts, plans to slash another 5,400 domestic employees, or around 20 percent of its workforce, by the end of March 2016 through early retirements, according to company sources. The labor union, however, opposes the plan. ...

Japan Inc. doubles profit on quick cost-cutting moves

Nov 18, 2013

Japan Inc. doubles profit on quick cost-cutting moves

by Anna Mukai

Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed ...