Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

OSAKA, Japan - Osamu Shikata (R), president-elect of Mycal Corp., and Toshiyuki Sugawara, managing director, announced a three-year restructuring plan at a news conference in Osaka on Jan. 24. Under the plan, the financially troubled retailer will eliminate 410 billion yen in debt and 2,700 employees on a consolidated basis. Shikata, 70, former chief of the Osaka prefectural police, will succeed Kotaro Utsunomiya as president, effective March 1.

  • Product Code
  • ILEA001083080
  • Registered date
  • 2001/1/24 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2001 Kyodo News
  • Media size
  • 1864 × 1713 pixel
  • Resolution
  • dpi
  • Deployment size
  • 1.04(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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