Independent journal on economy and transport policy
01:34 GMT+2
Mitsubishi Heavy to axe 20% of shipbuilding staff
(Shipping Times)
September 7, 2000
Move will help to cut costs, regain market share from South Korean rivals
[TOKYO] Mitsubishi Heavy Industries Ltd said it plans to cut a fifth of its 6,000 shipbuilding workers over the next six years in an effort to lower costs and regain market share from South Korean rivals.
"We need to cut costs and one area is personnel," said Mitsubishi Heavy ...... Read more on Shipping Times
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