Calsonic Holdings, a major automobile parts company that applied for the application of the Civil Rehabilitation Law, announced that the court has approved a rehabilitation plan to receive a loan waiver of more than 400 billion yen from the financial institution of the customer.
We plan to reduce the number of employees by 3,000 in Japan and overseas, and the future focus will be on whether management reconstruction will proceed as planned.
Calsonic is a major automobile parts manufacturer whose main business is mufflers, which is the predecessor of Nissan Motor's subsidiary Calsonic Kansei. I applied.
According to the people concerned, the total debt is expected to exceed 1 trillion yen.
The company has filed a "simple rehabilitation" that will allow the procedure to proceed in a shorter period of time, and announced that the rehabilitation plan was approved by the court with the consent of more than 90% of creditors at the creditors' meeting on the 19th.
According to the plan, the parent company, KKR, an investment fund in the United States, will newly invest about 90 billion yen and will receive a loan waiver of over 400 billion yen from the financial institutions of its business partners.
In addition, we aim to rebuild our business while continuing our business by reducing costs by reducing the number of employees by 3,000 in Japan and overseas, but due to the influence of the new Corona, automobile manufacturers are forced to reduce production. The future focus will be whether reconstruction will proceed as planned.
"Approval of a rehabilitation plan is an important step and will lay a solid foundation for future growth," said Marelli.