Shiseido Offers Early Retirement for 1,500 Staff Amid Cost Cuts

Shiseido Co. is offering early retirement for around 1,500 positions in Japan as the skincare firm seeks to boost growth and profitability.

The plan will be offered to employees who meet certain age and tenure requirements, and applications will be open April 17 through May 8, the company said in a statement Thursday. The estimated financial impact of the measure has already been incorporated into its full-year forecast, it said.