TEPCO seeks 20% cut in employees' annual salaries
Friday 22nd April, 07:00 AM JST
Tokyo Electric Power Co is considering cutting annual salaries of its employees by around 20% as part of its restructuring effort to make compensation payments over the emergency at the Fukushima Daiichi nuclear power complex, company sources said Thursday.
The utility is now under negotiations with its labor union to reach an agreement by the end of this month, they said.
The proposal targets around 33,000 union members and does not include a workforce cut, the sources said, adding that TEPCO is also considering reducing remunerations for company executives.
The utility, meanwhile, is mulling selling off its assets to secure funds to pay compensation for people affected by the nuclear crisis, triggered by the March 11 earthquake and tsunami.
TEPCO, for example, will try to acquire hundreds of billions of yen by selling securities it holds such as KDDI Corp stocks and real estate it owns, the sources said.
The link is here: http://tinyurl.com/TEPCOisUGLY
My thoughts are in the comments section as TheBigRiceBowl (that's me! - Until I leave Tokyo)
Have a great day.
I love you! (but I don't love TEPCO)
Cam
Friday 22nd April, 07:00 AM JST
Tokyo Electric Power Co is considering cutting annual salaries of its employees by around 20% as part of its restructuring effort to make compensation payments over the emergency at the Fukushima Daiichi nuclear power complex, company sources said Thursday.
The utility is now under negotiations with its labor union to reach an agreement by the end of this month, they said.
The proposal targets around 33,000 union members and does not include a workforce cut, the sources said, adding that TEPCO is also considering reducing remunerations for company executives.
The utility, meanwhile, is mulling selling off its assets to secure funds to pay compensation for people affected by the nuclear crisis, triggered by the March 11 earthquake and tsunami.
TEPCO, for example, will try to acquire hundreds of billions of yen by selling securities it holds such as KDDI Corp stocks and real estate it owns, the sources said.
The link is here: http://tinyurl.com/TEPCOisUGLY
My thoughts are in the comments section as TheBigRiceBowl (that's me! - Until I leave Tokyo)
Have a great day.
I love you! (but I don't love TEPCO)
Cam
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