Circuit board manufacturer in Japan, CMK announced plans of implementation of the voluntary early retirement, the goal is the abolition of 250 employees (retirement effective date is December 31), accounting for approximately 4% of CMK's overall number of employees. According to the report of Nikkei newspaper, in addition to the layoffs measures, CMK will also narrow revenue shrank Japanese domestic production system, instead is to amplify oversea capacity of the mainland China and Thailand. According to reports, CMK plans to increase the proportion of revenues from overseas since the current 3 percent to 4 percent level at the end of the year 2015 (before the end of March 2016).CMK announced on August 7, due to strong car sales of related products, this year's first quarter (April-June 2012) consolidated revenue growth is 4.3% to 19.081 billion yen compared to the same period last year, the industry profit status changes from a loss of 450 million yen to a surplus of 345 million yen, the amount of consolidated net loss for the final profit status narrowed to 223 million yen from 860 million yen in the same period last year. |
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Japanese CMK Reduces Production Scale Through Layoffs