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Mitsubishi UFJ Morgan Stanley Securities: To Cut Up To 1,300 Jobs -Source

TOKYO -(Dow Jones)- Mitsubishi UFJ Morgan Stanley Securities Co. plans to cut up to 1,300 jobs, or about 20% of its total workforce, in a bid to lower costs, a person familiar with the matter said Monday. The joint venture, 60%-owned by Japan's Mitsubishi UFJ Financial Group Inc. (8306.TO) and 40% by U.S. financial giant Morgan Stanley (MS), already cut several hundred positions earlier this year by offering early retirement. About 270 employees took early retirement in February. As of the end of March, the company had about 6,600 employees, but earlier said it aimed to cut this number by about 750. In an interview in August, the brokerage's president and chief executive, Toshiro Toyoizumi, said the company was considering another round of early retirement in October. The person familiar with the matter said in the number of applicants for early retirement in October was bigger than expected. -By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792; atsuko.fukase@dowjones.com

Stock News for Mitsubishi Ufj (MTU)
DateTimeHeadline
06/29/201609:55:27Report of Foreign Issuer (6-k)
06/29/201606:51:34Report of Foreign Issuer (6-k)
06/14/201606:18:39Report of Foreign Issuer (6-k)
06/14/201600:20:00Asian Stocks Mostly Down Ahead of MSCI, Central Bank News
06/10/201606:10:00Report of Foreign Issuer (6-k)
06/10/201603:04:00Oman Joins Oil Rivals Selling Debt -- WSJ
06/08/201623:50:00Asian Shares Mixed as Political Events Loom Large
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06/01/201606:16:32Report of Foreign Issuer (6-k)
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05/19/201600:20:00Asian Shares Down, Except for China and Japan
05/17/201606:23:19Report of Foreign Issuer (6-k)
05/16/201608:29:10Report of Foreign Issuer (6-k)
05/16/201608:21:56Report of Foreign Issuer (6-k)
05/16/201608:11:09Report of Foreign Issuer (6-k)
05/16/201607:56:51Report of Foreign Issuer (6-k)
05/16/201607:52:12Report of Foreign Issuer (6-k)
05/16/201606:58:20Report of Foreign Issuer (6-k)

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