Apple supplier Japan Display mulling cutting around 1,000 jobs - Nikkei

TPK Holding Co

15/05/2019 01:27

TOKYO, May 15 (Reuters) - Apple Inc supplier Japan Display
Inc  6740.T  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 3 p.m. (0600 GMT). 
    On Monday, it said the Chinese-Taiwanese group was delaying
an up to 80 billion yen ($730 million) investment in order to
reassess the company's prospects.  urn:newsml:reuters.com:*:nL4N22P1WH
    A Japan Display spokesman declined to comment on the Nikkei
report.
($1 = 109.6000 yen)

 (Reporting by Makiko Yamazaki and Chang-Ran Kim; Editing by
Stephen Coates)
 ((Makiko.Yamazaki@thomsonreuters.com; 81-3-6441-1039;))