Independent journal on economy and transport policy
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Mitsubishi to cut 500 shipyard jobs
(Shipping Times)
July 28, 2000
[TOKYO] Mitsubishi Heavy Industries Ltd plans to cut nearly 10 per cent of its work force, or 500 jobs at its shipbuilding operations by the end of March 2004, the Nihon Keizai Shimbun reported.
The company, however, will not use lay off people, but will reduce the payroll to the 5,000 level through natural attrition, it said.
The company plans to concentrate ...... Read more on Shipping Times
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