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.
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