15-05-2025
Japan Display CEO Resigns, Unveils Job Cuts After Losses Balloon
Japan Display Inc.'s CEO is stepping down and the company is slashing around half its headcount after it posted fresh losses that extended a seven-year streak.
Scott Callum said Jun Akema, an executive in charge of procurement, would replace him as CEO and he'd stay on the board as chairman. The Tokyo-based company is seeking around 1,500 volunteers for early retirement in Japan, a little more than half of its 2,639 workers in the country, Callum said at a news conference. It wants to make similar cuts to its 1,500-strong overseas workforce.
