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Onkyo to Cut Jobs in Core Business by 30 Pct

Onkyo to Cut Jobs in Core Business by 30 Pct

   Osaka, Nov. 11 (Jiji Press)--Onkyo Corp. <6628> said Monday it will cut 30 pct of the workforce in its core home audio and video equipment business in an effort to improve profitability.
   The Japanese company will move its headquarters from the western city of Osaka to the nearby city of Higashiosaka, and consolidate its technical divisions, currently split between three different locations in Osaka and Tokyo, to Osaka.

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