Mitsui Announces Business Plan

Mitsui Chemicals, in its business plan announcement says that by 2017, which Mitsui calls the ‘Grand Design target year’, the company aims to quadruple operating profits from the forecast of ¥35 billion for the year ending March 31, 2011, to about ¥150 billion in 2017. As part of the company’s efforts to restructure its operations, Mitsui says it will cut 1,320 jobs and establish a ‘leaner’ head office structure of 7,200 employees by 2015 and save ¥20 billion in labor costs. Mitsui says it aims to expand its five priority...

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