OSAKA (Kyodo) Daikin Industries Ltd. plans to repatriate some 200 workers, about half of its Japanese employees assigned to overseas units, to reduce costs, company officials said Thursday.
The step is temporary until demand for the company's air conditioners and other products picks up, the officials said.
Recalling 200 employees would save about ¥6 billion.
The returning employees will be assigned to domestic locations and their current work overseas will be handled by employees traveling on business, according to the officials.
Daikin expects its consolidated net profit to decline for the first time in seven years to ¥25 billion in the year that ended Tuesday, down 66.8 percent from a year earlier.