Mobile phone carrier Willcom Inc. plans to reduce its workforce by about 250 — one-fourth of its total — within a year under business rehabilitation efforts sponsored by a government-backed corporate turnaround body, sources said Monday.
The provider of personal handy-phone system services aims to offer an early retirement program and curb new hires. Together with regular retirement, the company hopes to reduce its total workforce to around 800, the sources said. Willcom employed 1,058 workers as of Jan. 31.
The company will also transfer some of its workers to a next-generation PHS service firm to be established by Softbank Corp. and investment fund Advantage Partners LLP, the sources added.
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