Japan’s Mitsubishi Heavy asks other companies to take on idle workers

Mitsubishi Heavy Industries 7011.T (MHI) said it has asked several other companies to temporarily employ idle workers from its factories in central Japan in a bid to cut costs and weather a downturn from the COVID-19 pandemic, two sources told Reuters.

MHI has approached firms in Aichi Prefecture including Toyota Motor Corp-affiliated parts maker Toyoda Gosei 7282.T, about transferring dozens of workers for up to three years from January, the sources with knowledge of the plan said.

They asked not to be identified because they are not authorised to speak to the media.

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe