Optimize the personnel structure of the Chinese subsidiary Weifu Technology Industry. Approximately 500 employees to have employment contracts terminated, with retirement date set on 2026-08-31. 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Approximately 500 employees to have employment contracts terminated, with retirement date set on 2026-08-31. Costs expected to affect the consolidated earnings for the Fiscal Year ending 2027.","jir_summary":"### Background\nAgainst the backdrop of changes in demand for new energy vehicles in the Chinese automotive market and a decline in major production volumes, Eftech resolved to optimize the personnel structure of both companies as part of improving profitability and rebuilding the business foundation in its China operations.\n\n### Overview and cost outlook\nThe target employees are those of Weifu Technology Industry (Zhongshan) Co., Ltd. and Weifu Technology Industry (Wuhan) Co., Ltd., with voluntary contract terminations to be conducted through negotiations. Approximately 500 people are targeted, with the retirement date set for 2026-08-31. The retirement allowance expense is planned to be recognized in the consolidated results for the fiscal year ending 2027, and has been reflected to the extent that it is reasonably estimable at present.","jir_financial_highlights":"Timing of retirement allowance expense recognition: Consolidated results for the fiscal year ending 2027 (Fairly incorporated)\nNumber of affected employees: Approximately 500 people (Unknown)\nImplementation period: 2026-08-03 to 2026-08-31 (Unknown)","jir_category":"","jir_hashtags":"#Eftech, #IR, #JapaneseStocks","jir_key_figures":"Targeted employees: Approximately 500 people\nRetirement date: 2026-08-31\nExpense recognition timing: Consolidated results for the fiscal year ending 2027","jir_meta_title":"Eftech: Implementing personnel optimization at Chinese subsidiaries | August 2026","jir_meta_description":"Announces optimization of personnel structure at Eftech\u2019s Chinese subsidiaries. About 500 people targeted; retirement allowance to be expensed in the fiscal year ending March 2027. Explains future outlook and impact.","jir_og_title":"Eftech: Implementing personnel optimization at Chinese subsidiaries | August 2026","jir_og_description":"Announces personnel optimization at Chinese subsidiaries. About 500 people targeted with retirement allowance carried forward to the fiscal year ending March 2027. Assessing future impact.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58295,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"executive_change","footnotes":""},"sector":[],"importance":[],"class_list":["post-93525","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n