Brief: Akebono Brake Industry To Shut Down Or Sell 6 Factories -Nikkei

Akebono Brake Industry Co

23/07/2019 22:58

July 24 (Reuters) - NIKKEI:
    * AKEBONO BRAKE INDUSTRY CO WILL SHUT DOWN OR SELL 6
FACTORIES &
ELIMINATE ABOUT 3,000 JOBS, OR 30% OF ITS GLOBAL STAFF, UNDER
RESTRUCTURING PLAN-NIKKEI
    * AKEBONO'S THREE REPRESENTATIVE DIRECTORS, INCLUDING
CHAIRMAN,
PRESIDENT AND CEO HISATAKA NOBUMOTO, WILL STEP DOWN AFTER
SHAREHOLDERS VOTE- NIKKEI

Source Text https://asia.nikkei.com/Business/Companies/Akebono-Brake-to-shed-6-plants-in-US-Europe-and-Japan
Further company coverage:  7238.T 

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