Comprehensive chemical maker Showa Denko K.K. said Thursday it will cut an additional 1,000 jobs at its group firms and reduce salaries up to 33 percent in 2002 to survive the harsh business environment.

The job reduction will be carried out through early retirement in January, bringing the number of jobs cut since the end of 1998 to about 5,000 on a group basis, Showa Denko said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.