On the morning of October 22, Beijing time, the headline of the "Nikkei News" article "bearing giant NTN will lay off 10% of the work in Japan", the full text is as follows: Japanese bearing giant NTN will lay off 10% in Japan, about 700- 800 people. The profitability of the auto parts business, which is the main business, is rapidly deteriorating, and the company will use the early retirement system flexibly. By reducing production lines, the company will strive to reduce costs by 50 billion yen in the two and a half years to the 2014 fiscal year (as of March 2015). Recently, the company will put the idea of ​​layoffs to the trade union organization. The layoffs are mainly for the Pantian Plant in Shizuoka Prefecture and the factory employees in Bizen City, Okayama Prefecture. Including production capacity Other than the auto parts business, the Group's domestic production capacity in Japan will be reduced from the current 60% to 50%. The European business accounted for about a quarter of the company's revenue, and the European economic downturn and the appreciation of the yen have had a negative impact on the company's business. The company's auto parts business lost 3.2 billion yen in the previous fiscal year, and the company expects its earnings to continue to deteriorate this fiscal year. NTN has increased the ratio of overseas business since 2003.
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