Shiseido offers early retirement for 1,500 employees in Japan

Cosmetics giant Shiseido is offering early retirement packages to about 1,500 employees of its workforce 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 17th April through 8th May, the company said in a statement on Thursday. Shiseido said that their restructuring includes cutting costs at domestic operations, expanding online sales and strengthening the competitive advantage of its brands.