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Steel Industry Layoffs

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BUSINESS
March 31, 1994 | From Times Staff and Wire Reports
Nippon Steel To Cut 7,000 Jobs: Nippon Steel Corp. said it would eliminate the jobs over three years, mainly through attrition, as part of a cost-cutting effort to cope with Japan's recession. The restructuring plan also will slash the Tokyo-based company's budget for equipment investment over the next three years to $3.36 billion, down 40% from the allotment for 1991 to 1993. Nippon Steel, Japan's largest steel maker, expects the plan to save about $2.91 billion, over the 1994 to 1996 period.
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BUSINESS
March 31, 1994 | From Times Staff and Wire Reports
Nippon Steel To Cut 7,000 Jobs: Nippon Steel Corp. said it would eliminate the jobs over three years, mainly through attrition, as part of a cost-cutting effort to cope with Japan's recession. The restructuring plan also will slash the Tokyo-based company's budget for equipment investment over the next three years to $3.36 billion, down 40% from the allotment for 1991 to 1993. Nippon Steel, Japan's largest steel maker, expects the plan to save about $2.91 billion, over the 1994 to 1996 period.
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BUSINESS
April 26, 1993 | From Times Staff and Wire Reports
Steelmaker Cuts Back: Kawasaki Steel Corp., Japan's third-largest crude steelmaker, will cut its work force by 3,200 over the next three years to reduce costs. The company had earlier proposed reducing staff by about 900. The company will cut 2,300 jobs in steel production, 600 in administration and management and 300 in non-steel sections, an official said. The company will also slash capital investment through March, 1994, by about 45%.
BUSINESS
April 26, 1993 | From Times Staff and Wire Reports
Steelmaker Cuts Back: Kawasaki Steel Corp., Japan's third-largest crude steelmaker, will cut its work force by 3,200 over the next three years to reduce costs. The company had earlier proposed reducing staff by about 900. The company will cut 2,300 jobs in steel production, 600 in administration and management and 300 in non-steel sections, an official said. The company will also slash capital investment through March, 1994, by about 45%.
BUSINESS
March 15, 1993 | From Times Staff and Wire Reports
Sumitomo Metal to Cut 3,000 Employees: Integrated steelmaker Sumitomo Metal Industries Ltd. said it will reduce its work force by 3,000 over three years. The cutbacks will be made in steel-related divisions and will encompass 2,200 factory workers and 800 administrative workers, the company said. Sumitomo Metal had 20,727 workers as of Sept. 30. NKK Corp.
BUSINESS
March 15, 1993 | From Times Staff and Wire Reports
Sumitomo Metal to Cut 3,000 Employees: Integrated steelmaker Sumitomo Metal Industries Ltd. said it will reduce its work force by 3,000 over three years. The cutbacks will be made in steel-related divisions and will encompass 2,200 factory workers and 800 administrative workers, the company said. Sumitomo Metal had 20,727 workers as of Sept. 30. NKK Corp.
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