Sumitomo Dainippon Pharma Co (JP:4506) has released an update.
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Sumitomo Dainippon Pharma Co. is launching an early retirement program as part of its business structural reforms to address recent financial losses and establish a profitable structure for its Japan business. The program targets approximately 700 eligible employees over the age of 40, offering them special retirement benefits and re-employment support services. The financial impact of the early retirement program on the company’s performance will be disclosed once the details are finalized.
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