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News / 1,700 more redundancies as Japan Post pays the price for costly Toll takeover

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Toll Holdings is to make a further 1,700 staff redundant, after owner Japan Post Holdings yesterday announced its first annual net loss in a decade, estimated at ¥40bn (US$363m).

Japan Post, which acquired Toll in May 2015 for $5.1bn, is expected to book an impairment loss of ...

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    Financial footings Japan Post Merger Mania Takeover Talk Toll Toll Holdings