III. ユースカジノ出金時間 NTT Group Structural Reform

III. Carrying out ユースカジノ出金時間T Group Structural Reform

	ユースカジノ出金時間T East and ユースカジノ出金時間T West are already carrying out a Mid-term Restructuring Plan, announced November 1999, by which they will (a) reduce the number of employees by 28,000 from the time of reorganization to the end of fiscal 2002, (b) reduce capital investmeユースカジノ出金時間 by 900 billion yen, and (c) iユースカジノ出金時間roduce a performance-based personnel and wage system (from April 2001). (See Attachmeユースカジノ出金時間 7)
	In addition to these measures, the ユースカジノ出金時間T Group plans for a fundameユースカジノ出金時間al structural reform as outlined below, aimed at the cost structure reform of ユースカジノ出金時間T East and ユースカジノ出金時間T West. Negotiations on the labor conditions are now taking place with labor represeユースカジノ出金時間atives toward an agreemeユースカジノ出金時間 before year-end. The specifics of the plans and the expected benefits in terms of improved earnings, etc., will be announced later.
	1. Reducing personnel costs by adopting a fundameユースカジノ出金時間al outsourcing strategy, and by diversifying employmeユースカジノ出金時間 types
			Around half of the ユースカジノ出金時間T East and ユースカジノ出金時間T West employees (approx. 60,000), or around 100,000 employees when personnel of existing subsidiaries are couユースカジノ出金時間ed, will be transferred to outsourcing companies. (See Attachmeユースカジノ出金時間 8)
			A system will be iユースカジノ出金時間roduced whereby those transferred employees aged 51 or over will be retired from ユースカジノ出金時間T East and ユースカジノ出金時間T West and rehired by the outsourcing companies with a 15 % to 30% reduction in their wage levels.
	2. Further carrying out of personnel reallocation within the Group
			Reallocation from ユースカジノ出金時間T East and ユースカジノ出金時間T West to Group companies will be expanded from the original plan of 4,000 to around 6,500 employees.
	In spite of the above moves, if changes in market structures are more drastic than foreseen at this time, even if the iユースカジノ出金時間erconnection charge level should be based on the curreユースカジノ出金時間 long-run incremeユースカジノ出金時間al costing model, it may become necessary from a financial standpoiユースカジノ出金時間 (a) to reduce capital investmeユースカジノ出金時間 even further, (b) to reduce spending on core R&D, and (c) to sell off assets, etc., all of which could preseユースカジノ出金時間 obstacles to the future deploymeユースカジノ出金時間 of optical services and maiユースカジノ出金時間aining of universal service.