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Mitsui E&S to Relocate, Cut 1,000 Jobs

Mitsui E&S to Relocate, Cut 1,000 Jobs

   Tokyo, Nov. 11 (Jiji Press)--Mitsui E&S Holdings Co. <7003> said Monday it will relocate or cut 1,000 jobs as part of turnaround efforts as it forecasts a record net loss for the year ending in March 2020.
   For the year, the Japanese shipbuilding and heavy machinery maker expects to post a consolidated net loss of 88 billion yen in the third straight year of red ink.

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