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Japan Display to ax 1,000 jobs

Maker forced to cut costs after decision to accept $729m capital injection

JDI's future remains unclear following decision-making delays about receiving financial assistance from Taiwanese and Chinese investors. (Photo by Ken Kobayashi)

TOKYO -- Japan Display's ongoing financial woes will force it to cut 1,000 jobs, or about 20% of its workforce, Nikkei has learned.

The display maker is trying to reduce fixed costs following its decision to accept a capital injection of up to 80 billion yen ($729 million) from Taiwanese and Chinese investors.

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