TOKYO -- Kawasaki Heavy Industries plans to eliminate around 20% of the positions in its money-losing shipbuilding division, part of a restructuring that will downsize one shipyard and see another focus on submersibles and other specialty vessels.
At least half of the roughly 400 job cuts will result from employees reaching retirement age and reductions in hiring. Kawasaki Heavy will consider how to reassign the remaining displaced workers.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.