Two familiar names in the world of car audio entertainment are making the necessary provisions to keep operations feasible. Car audio and electronics suppliers Alpine Electronics and Clarion Co. plan to cut global expenses by a third due to a weak outlook for car sales.
In line with the report, Alpine released a statement on March 17 saying it will slash 2,500 jobs both in Japan and abroad, trimming its workforce to 11,500. The company also said employees including directors and management would take salary reductions, many of which will be 20 percent to 35 percent.
Overall, the company said it would trim its global corporate structure by 30 percent and it is working to “strengthen our organization to the point where we can be profitable even with 30 percent lower sales.”
(Source) Twice
Tags: alpine electronics, audio entertainment, car sales, clarion co, electronics suppliers, Japan