Apple Inc supplier and Japan Display Inc said on Thursday that Chinese investment firm Harvest Group would withdraw from a bailout of the cash-strapped smartphone screen maker, increasing the chance of the 80 billion yen ($743 million) deal collapsing.

Apple supplier Japan Display loses out on Chinese funds, survival at risk

The job cuts, which represent nearly 30 per cent of the 13,100-strong workforce, are expected to save 50 billion yen ($455 million) annually

Japan Display incurs losses, to cut workforce

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Apple supplier Japan Display loses out on Chinese funds, survival at risk

Japan Display incurs losses, to cut workforce