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Okaya Electric to Cut 500 Jobs at China Plant, Nikkei Says

Oct. 10 (Bloomberg) -- Okaya Electric Industries Co. plans to eliminate 500 jobs at its Chinese factory by March 2012 as wages in that country rise, the Nikkei newspaper reported today. The plant, in Dongguan, Guangdong Province, produces electronic components including capacitors for digital home appliances and employs about 2,000 workers, the report said.

Link to Company News:{6926 JP <Equity> CN <GO>}

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at

To contact the editor responsible for this story: Jim McDonald at

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