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The catalyst for the current predicament started off when Hitachi, as part of its risk management and corporate governance wherever it conducts an inner audit of its subsidiaries each individual a few several years, gave Ivan notice in Aug 2022 that it meant to do an audit on Fusionex Group and Fusiotech Holdings in March 2023.
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Astoundingly, there was also no complete list of team e-mails, which Kumazaki requested for so he could make clear issues into the personnel. Kumazaki and The brand new Management workforce who came in had to compile a listing manually. A senior HR government was also accused of currently being uncooperative.
Hitachi identified, for their shock, that from Sept to Nov, at the very least a hundred and ten personnel experienced possibly resigned or been retrenched. The directors were not knowledgeable of the significant scenario.
Within a prepared reaction handed to Ivan within the day in the Conference, Hitachi expressed grave issue over The shortage of communications and transparency by Ivan and his Management workforce above the particular character from the financial predicament of Fusionex.
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“We felt that Fusionex shares a similar philosophy and fashion of functions with us. That may be why Fusionex is our choice as a solution provider for the loyalty method. It really is our character to search for a lover that we can easily do the job with Ultimately and I imagine that Fusionex undoubtedly fits the Monthly bill.”
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