Fujitsu records extraordinary loss for 2012
StockMarketWire.com - Fujitsu has posted an extraordinary loss in its consolidated financial results for fiscal 2012.Factors include costs incurred by its wholly-owned subsidiaries associated with efforts to strengthen management fundamentals, as announced on 28 March.
Specifically, these efforts include the early retirement incentive plan implemented by Fujitsu Semiconductor Limited, and workforce rationalization measures put in place by Fujitsu Technology Solutions (Holding) BV.
Fujitsu says the extraordinary loss comprises:
* Yen23.3bn in retirement benefits for the approximately 2,000 employees (in Japan) who have enrolled in Fujitsu Semiconductor Group's early retirement incentive plan
* Yen18.4bn for severance packages covering approximately 1,500 employees of the FTS Group
Story provided by StockMarketWire.com
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