Some 1,000 jobs will be lost as Apple supplier Japan Display eyes a bailout from a Chinese-Taiwanese consortium. apple
TOKYO: Apple supplier Japan Display is considering slashing about 1,000 jobs, or about a fifth of its parent-only workforce, as it eyes a bailout from a Chinese-Taiwanese consortium, the Nikkei business daily reported on Wednesday.
The struggling smartphone screen maker is expected to announce restructuring measures along with its full-year earnings at 3pm. On Monday, it said the Chinese-Taiwanese group was delaying an up to 80 billion yen investment in order to reassess the company’s prospects. A Japan Display spokesman declined to comment on the Nikkei report.
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