Sega Sammy Holdings Inc Reduces Staff By Sending Retirement Staff
Sega sammy holdings inc reported the results of their appeal to employees on a voluntary retirement, about which earlier the company mentioned in the "notice of emergency forecast, a call for voluntary care for retirement and reducing the amount of remuneration of directors" of november 6 2020.
Thus, 729 employees reported on their intension to retire until the end of february 2021. It is expected that the costs of pension benefits and other articles related to this program will be approximately 9.5 billion yen (91.5 million us dollars) and will be reflected as emergency losses in the fiscal year ending in march 2021.
The company will assign indicated expenses for emergency losses (costs of structural reform). The company did not voiced the exemplary operational results for the fiscal year, ending in march 2021.
Source: press release sega sammy holdings inc