JDI eyes cutting over 1,000 jobs in Japan

Japan Display, a struggling company known for manufacturing LCD panels, is considering cutting over 1,000 jobs in Japan from its workforce of about 2,700 employees. The cuts are part of the company's restructuring efforts to address ten consecutive years of losses, signaling a tough decision as it seeks to adapt to ongoing financial challenges and competition from overseas rivals. JDI plans to halt production at its Mobara plant by early 2026, after which only its Kawakita plant will remain operational. Once closed, the company will reduce its domestic manufacturing footprint significantly, reflecting its strategic adjustments in response to the LCD panel market's challenges.