Nippon Steel Goes to “Temporary Return” for the first time in 11 years April 4 5:16
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Nippon Steel, the largest steel company, has begun discussions with the union to introduce "temporary leave" to temporarily suspend work for approximately 30,000 employees, or 30% of its employees. This will be the first time in 11 years if implemented to cope with the sluggish demand for steel due to the spread of the new coronavirus infection.
Nippon Steel anticipates that the decline in demand for steel products will continue in the future, as domestic auto manufacturers supplying steel products have stopped operating factories.
For this reason, the company has begun discussions with the union to introduce a “temporary leave” to temporarily suspend employees' work from this month.
It is planned to cover about 30,000 employees, or about 30,000, about two or more days a month. The wage reduction caused by temporary leave will be covered by a leave allowance utilizing the national employment adjustment subsidy system.
If Nippon Steel introduced a temporary leave, it would be the first time in 11 years since April 2009, the year after the so-called "Lehman Shock," and the effects of the spread of the new coronavirus will begin to affect the employment of major manufacturing companies I am.