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Politics : Formerly About Applied Materials

AMAT 301.11

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Jan 9 9:30 AM EST

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To: StanX Long who wrote (55818)	11/18/2001 5:30:32 PM
From: StanX Long	Read Replies (1) of 70976

Sunday November 18, 9:33 PM Japan Clarion Plans Additional Restructuring - Nikkei sg.biz.yahoo.com TOKYO (Nikkei)--Clarion Co. (J.CLR or 6796) has unveiled a follow-up restructuring plan to its previous one released in April, The Nihon Keizai Shimbun reported in its Monday morning edition. The new program calls for consolidating marketing units in the U.S. and car audio-equipment production in Japan and Mexico, company sources told the newspaper. The step is in response to cost-reduction demands from the company's major clients - automakers, the sources said. The major car audio-equipment maker will consolidate its two audio parts/components manufacturing subsidiaries in Koriyama, Fukushima Prefecture. It will also integrate four audio-equipment manufacturing units in Mexico that currently supply General Motors Corp. and Ford Motor Co., among others. In the U.S., Clarion will integrate its two sales arms, one handling products made for automakers on an original-equipment-manufacturing basis and the other selling products to retail consumers. Last April's restructuring scheme targeted cutting Clarion's groupwide work force in Japan/overseas by 1,500, about 10% of the total, by the end of fiscal 2001.

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