Independent journal on economy and transport policy
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Hitachi Zosen in talks to cut wages by 10%
(Shipping Times)
March 15, 2000
[TOKYO]
Hitachi Zosen Corp, a mid-sized maker of ships and heavy machinery, said it is negotiating with unions to cut wages 10 per cent for shipbuilding employees as it tries to lower costs to counter strong competition from South Korea.
The pay reduction would affect about 1,500 workers, a third of its 5,000 employees groupwide, Hitachi Zosen said. The ...... Read more on Shipping Times
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