UACJ to reduce the number of employees to 2000 scale 23:04 on September 30 due to a decrease in demand for aluminum materials
UACJ, the largest aluminum processing company, has suffered a decline in performance due to a decline in demand for aluminum materials due to the impact of trade friction between the United States and China. Announced that it would reduce the number of employees to 2000%
UACJ, the largest aluminum processing company, has a structure to improve its financial structure because of the slowdown in the Chinese economy caused by trade friction between the US and China, resulting in a decline in performance due to a decline in demand for aluminum materials, mainly for semiconductor manufacturing equipment. We decided to embark on reform.
According to this, the Nikko Works in Nikko City, Tochigi Prefecture will be closed after FY2021, while the Fukaya Factory in Fukaya City, Saitama Prefecture will also cease some production processes. We are considering relocation of employees at these two locations.
In June, UACJ decided to sell its subsidiary's copper tube business to a private fund. By the end of FY2022, including the reduction of 700 employees, UACJ will be able to That means reducing the number of 2000 employees, about 15%.
On the other hand, we will focus on the aluminum materials for automobiles, which are expected to grow in the future, and the aluminum can materials business mainly in Asia, to increase profitability.