Sheet to Cut Jobs to Pay for Pilkington, Board Considers Revision
of Articles of Incorporation
Nippon Sheet Glass Co. (NSG) said on Thursday it would aim to cut
the number of managers in Japan to help pay down debt taken on for
its $4 billion acquisition of British glassmaker Pilkington in 2006
by implementing an "Enhanced Early Retirement Plan." The Board of
NSG also decided to begin a formal review of the company's Articles
of Incorporation with the intention of converting from a company
with a board with statutory auditors into a company with committees.
HERE to read more about NSG's job cuts.
HERE to read official NSG press release on the "Enhanced Early
HERE to read more about the review of the company's Articles
Need more info and analysis about the issues?
HERE to subscribe to USGlass magazine.