Wal-Mart Stores Inc's (WMT.N: Quote, Profile, Research) Japanese unit Seiyu Ltd (8268.T: Quote, Profile, Research) said on Tuesday it would aim to cut about 450 jobs as part of a restructuring plan.
Seiyu said it planned to book a special loss of 4.5 billion yen ($39.2 million) for the early retirement programme, and accordingly widened its group net loss forecast for 2007 by that amount to 10.4 billion yen.