Latest news with #JDI
Japan Times
16-05-2025
- Business
- Japan Times
Japan Display to cut 1,500 jobs in Japan on consecutive years of losses
Japan Display Inc., or JDI, said Thursday that it will cut about 1,500 jobs in Japan — or nearly 60% of its domestic workforce — as it has remained in the red for 11 consecutive years. The same day, the struggling maker of small and midsize liquid crystal display panels reported a consolidated net loss of ¥78.2 billion ($538.7 million) for fiscal 2024, which is larger than the previous year's loss of ¥44.3 billion. CEO Scott Callon will step down on June 1 to take responsibility for the company's poor performance. Upon approval at a general shareholders meeting on June 21, he will support his successor as nonexecutive chairman, without receiving compensation. Jun Akema, who heads JDI's procurement division, will succeed Callon as CEO. He will also assume the president's role. At a news conference, Callon apologized for the inconvenience caused to shareholders, client companies and JDI employees as a result of the deteriorated business performance. JDI will solicit voluntary redundancies from June 26 to Aug. 25, including those related to the planned end of LCD panel production at its Mobara plant in Chiba Prefecture by around next March. It also plans to cut jobs overseas. In the year ended March, the company's sales fell 21.4% from the previous year to ¥188 billion, and its operating loss widened to ¥37.0 billion from ¥34.1 billion. JDI did not issue an earnings forecast for fiscal 2025, citing uncertainty over its restructuring measures. JDI was founded in 2012 through the merger of the LCD panel operations of Hitachi, Toshiba and then-Sony Corp. After the Mobara plant is shut down, it will only have one domestic production base in Kawakita, Ishikawa Prefecture.
15-05-2025
- Business
Struggling JDI to Cut 1,500 Jobs in Japan
Tokyo, May 15 (Jiji Press)--Japan Display Inc., or JDI, said Thursday that it will cut about 1,500 jobs in Japan, or nearly 60 pct of its domestic workforce, as it has remained in the red for the 11th consecutive year. The same day, the struggling maker of small and midsize liquid crystal display panels reported a consolidated net loss of 78.2 billion yen for fiscal 2024, larger than the previous year's loss of 44.3 billion yen. CEO Scott Callon will step down on June 1 to take responsibility for the company's poor performance. Upon approval at a general shareholders meeting on June 21, he will support his successor as non-executive chairman, without receiving compensation. JDI will solicit voluntary redundancies from June 26 to Aug. 25, including those related to the planned end of LCD panel production at its Mobara plant in Chiba Prefecture, east of Tokyo, by around next March. It also plans to cut jobs overseas. In the year ended this March, the company's sales fell 21.4 pct from the previous year to 188 billion yen, and its operating loss widened to 37.0 billion yen from 34.1 billion yen. [Copyright The Jiji Press, Ltd.]
15-05-2025
- Business
JDI Eyeing Cutting Over 1,000 Jobs in Japan
News from Japan Technology May 15, 2025 10:46 (JST) Tokyo, May 15 (Jiji Press)--Japan Display Inc., a struggling maker of small and midsize liquid crystal display panels, is considering cutting over 1,000 jobs in the country out of its domestic workforce of about 2,700, people familiar with the matter said Thursday. The job cut is part of JDI's restructuring efforts as the company posted a 10th consecutive year of net loss in the year ended in March 2024. "While it is true that a workforce reduction is under consideration, no decision has been made at this point," JDI said in a statement. The reduction is expected to affect workers at JDI's plant in Mobara, Chiba Prefecture, east of Tokyo, that will end LCD panel production around March 2026. JDI, which once had six production bases in Japan, will end up operating only one plant, in Kawakita in the central prefecture of Ishikawa, once the Mobara plant ends production. [Copyright The Jiji Press, Ltd.] Jiji Press
TimesLIVE
13-05-2025
- Politics
- TimesLIVE
State to appeal acquittal of Omotoso, two others
Eastern Cape director of public prosecutions Barry Madolo has decided to appeal the judgment of the Gqeberha high court which acquitted Nigerian televangelist Timothy Omotoso and two others. The leader of the Jesus Dominion International Church (JDI) faced 63 charges with his co-accused and JDI members Lusanda Sulani and Zukiswa Sitho. Last month the court said the cross-examination of the accused was of poor quality and the state failed to prove the case beyond reasonable doubt. The National Prosecuting Authority (NPA) said on Tuesday the decision to appeal followed a thorough consideration of the matter by an internal team of experienced prosecutors and a legal opinion sourced from senior counsel. It said the decision could not be rushed due to the complexity of the matter and the voluminous transcript that needed to be studied. 'The NPA believes there are reasonable prospects of a successful appeal despite the complexities of the legal process,' spokesperson Mthunzi Mhaga said. A convicted person may appeal a conviction on facts and the law. However, the state can only appeal an acquittal on a question of law, as opposed to facts, in terms of the Criminal Procedure Act.
The South African
10-05-2025
- The South African
Nigerian pastor Timothy Omotoso rearrested after being acquitted of rape
A Nigerian televangelist recently acquitted of multiple rape charges has been rearrested on immigration offences, South African police said on Saturday. Timothy Omotoso was released last month, eight years after he was jailed to be tried on charges of raping and sexually assaulting several young women from his church. His acquittal drew anger across South Africa after the judge found that, while the pastor's explanations appeared improbable, state prosecutors had mishandled the case against him. Immigration authorities and police arrested Omotoso in East London on Saturday morning, 'just after church', police commissioner General Fannie Masemola told journalists. 'He will be facing charges related to violations to the Immigration Act and he will appear in court on Monday,' he said. The 66-year-old pastor at the Jesus Dominion International (JDI) church based in South Africa was arrested in 2017 on 32 charges, including rape, sexual exploitation and human trafficking. Several young women, some of whom were still in school at the time, testified that they were handpicked by Omotoso, who would pray for forgiveness after each encounter with them. In April, Eastern Cape High Court judge Irma Schoeman criticised the prosecution's handling of the case, saying the state had not proved beyond reasonable doubt its case against Omotoso and two assistants, who also faced charges. South Africa has one of the highest rates of rape and gender-based violence in the world. Over 42 500 rapes were reported in the 2023/24 financial year, according to police statistics, amounting to more than 116 per day. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
