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2011 June 22   06:29

Mitsubishi Heavy plans layoffs

Mitsubishi Heavy Industries, says it is expecting to reduce staff by 1,400 in the next four years in a move that follows an earlier decision to pull out of merchant shipbuilding at its Kobe shipyard, Seatrade Asia reported.

The yard told local press that by 2015 the amount of people involved in merchant shipbuilding will have been cut from 4,700 to 3,300. Around 1,000 workers are expected to leave through retirement and by not replacing those who leave, while another 400 are to be moved from Kobe to other divisions. ?As part of the cost-cutting drive, Mitsubishi will refocus merchant shipbuilding at its Nagasaki and Shimonoseki plants. ?Mitsubishi says it intends to concentrate on LNG carriers and that there has been a marked increase in new order negotiations.

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