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Tuesday, 3 December 2013

Tepco expects 1,700 to quit by March :Japan times (You would expect them to be hiring, not firing)


By the end of next March, Tokyo Electric Power Co. expects 1,700 workers will 

have taken voluntary retirement since the 2011 start of the Fukushima No. 1 nuclear 

plant calamity, amid uncertain business prospects and pay cuts, according to 

Tepco documents.

By age, junior and midlevel employees younger than 40 years old make up around 70 percent of all retirees.
According to the documents obtained Monday by Kyodo News, voluntary retirees jumped from 134 in fiscal 2010 to 465 in the year the nuclear crisis started.
As part of its cost-cutting efforts, Tepco is seeking to reduce its workforce by 3,600 to 36,000 in two years from fiscal 2011 to fiscal 2013. Although the company is likely to meet this target, it is losing skilled personnel in core divisions, which could further complicate its decommissioning work.
Tepco needs massive funds to compensate people and companies affected by the nuclear crisis and to carry out the decades-long decommissioning of the Fukushima plant’s crippled reactors.
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