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» TEPCO invites 1000 employers to raise hands for a voluntary redundancy

TEPCO is looking to shed 1,000 jobs through a voluntary redundancy program to boost efficiency and improve earnings.It would be the first program of its kind implemented by the utility.

TEPCO will include the redundancy program in its comprehensive business plan to be revised possibly by the end of the year.

Tepco’s existing business plan calls for slashing 3,600 jobs in its parent group to reduce the workforce to 36,000 by the end of March and it is beleved to be almost achieved the target by reducing employment of new graduates.

But TEPCO still needs to show its efforts to gain financial support from the government for decontamination works at Fukushima No.1 plant.

By further cutting fixed costs, Tepco also hopes to smooth the way for additional loans totalling some ¥500 billion from several mega banks.
<Media Report>
TEPCO considering early retirement plan to cut costs (Asahi Newspaper)

Tepco aiming to cut 1,000 jobs via voluntary redundancy (Japan Times)


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