| Personnel Reductions |
- After general streamlining via readjusting the group structure and drastic operational streamlining, we will reduce the number of persons by cutting back on hiring and implementing voluntary retirements (approx. 7,400 employees on a consolidated basis, approx. 3,600 employees on a non-consolidated basis)
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| Reduction of Salaries and Bonuses |
- Continue to cut annual earnings across the board (Supervisory employees -30%, General employees -20%)
- Introduce a new personnel evaluation system
- Reduce overtime wages (reduction to 25% on weekdays which is the bottom limit of the legal standard)
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| Revision of the Retirement Benefit Scheme |
- Revise the pension system (reducing the interest rate used for revaluation [to 1.5% for active employees and 2.25% for retirees], and reduction of whole life annuity [-30%］)
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| Revision of Benefit Programs |
- Revision of health insurance, asset-building schemes, cafeteria plan, employee stock ownership plan
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| Thorough implementation of each measure |
- Implement “Unit Cost per Person” reductions by revamping the operations of the personnel system such as tightening job assignments. In addition to accelerating “the number of persons” to be cut, additional personnel cuts may be done predicated on future streamlining efforts.
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