Brief: Mitsui E&S Holdings Will Lay Off About 10% Of Workforce, Scale Back Loss-Making Core Operations As Part Of Major Overhaul - Nikkei

Mitsui E&S

08/11/2019 22:46

Nov 8 (Reuters) - Nikkei:
    * MITSUI E&S HOLDINGS WILL LAY OFF ABOUT 10% OF WORKFORCE,
SCALE
BACK LOSS-MAKING CORE OPERATIONS AS PART OF MAJOR OVERHAUL -
NIKKEI
    * MITSUI E&S WILL ALSO STOP CONSTRUCTING WIND POWER AND
BIOMASS
PLANTS, AS WELL AS BUILDING POWER PLANTS AND CHEMICAL PLANTS
OVERSEAS - NIKKEI
    * UNDER PLAN TO BE ANNOUNCED MONDAY, MITSUI E&S WILL IN
EFFECT
STOP BUILDING COMMERCIAL VESSELS AT CHIBA SHIPYARD NEAR TOKYO -
NIKKEI
    * MITSUI E&S RESTRUCTURING WILL ENTAIL LOSS OF ROUGHLY 1,000
JOBS
- NIKKEI
    * MITSUI E&S EXPECTS A GROUP NET LOSS OF 88 BILLION YEN FOR
12
MONTHS THROUGH MARCH - NIKKEI

Source text: (https://s.nikkei.com/2K1yL5S)
Further company coverage:  7003.T 

 ((Reuters.Briefs@thomsonreuters.com;))