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April 15, 2011

TEPCO: Paying displaced residents … but cutting our workforce

  • 50k the number of households near Fukushima eligible for payments from TEPCO
  • ¥1M the amount that could be offered to each household — roughy $12,000 total
  • ¥50B the amount that would be offered based on that assessment —around $600 million source

» Raising money by cutting jobs? While Company President Masataka Shimizu didn’t speculate on what the final amount might be, he did point out a possible way to pay for said payments to local residents. They’re looking at cutting jobs to streamline operations and pay the people affected by the accident. ”We must pursue rationalization that regards nothing as sacred,” he said. “We will make utmost efforts to raise funds.” Now, maybe we’re wrong here, but doesn’t it seem weird to cut employees after a massive disaster that had at least some root in safety issues?

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22:11 // 3 years ago