[CHANGE] Renesas Electronics Announces the Result of Early Retirement Program and the Recording of Extraordinary Loss

16 Oct 2012

TOKYO, Japan, October 16, 2012 — Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced changes in the number of the applicants and the extraordinary loss for the early retirement incentive program from the press release announced on October 3, 2012.

 

1. Outline of the Changes

[Before]

Number of applicants: 

7,511 employees

Extraordinary loss: 

approx. 85 billion yen

Labor cost to be reduced:

approx. 54 billion yen

[After]

Number of applicants: 

7,446 employees

Extraordinary loss: 

approx. 84 billion yen

Labor cost to be reduced:

approx. 53 billion yen

2. Reason for the Changes

65 employees canceled their applications after the applicant number was counted on October 3, 2012 and before the applicants were finally confirmed.

 

There are no changes other than the above to the press release announced on October 3, 2012.

 

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.


The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.