TOKYO : Japan's MS&AD Insurance Group Holdings Inc will slash 6,300 jobs, or about 16 per cent of its group workforce, in the domestic insurance business by March 2026, the Nikkei business daily reported on Tuesday.
The company aims to slash personnel costs and boost productivity through the use of information technology amid a rise in payouts for natural disasters, the paper said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan finance minister urges swift adoption of more spending measuresTOKYO : Japanese Finance Minister Shunichi Suzuki vowed on Monday to guide economic and fiscal policy in a 'responsible' manner, as he urged lawmakers to enact a second extra budget with spending of $207 billion, backed mostly by new debt issuance.Prime Minister Fumio Kishida's cabinet has compiled the sp
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Carlyle sees big in Japan auto industry as EV shift shakes supply chainsTOKYO : U.S. private equity firm Carlyle Group Inc aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry's supply chain, its executives said.With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strate
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan finance minister calls for permanent funding sources for defense budgetTOKYO : Japan must secure permanent financing sources to increase defense spending by reviewing revenue and expenditure, and further reform spending in coming years, Finance Minister Shunichi Suzuki said on Tuesday.'If there's a shortage of financing sources, we will need to consider multiple ways includi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »