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Namura Shipbuilding (7014) · InitiativeAchieved

Workforce redeployment following the suspension of the newbuild business and recruitment of 250 voluntary retirees

First written in FY2021-Q3. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q2.

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ProgressHeldSoftenedWorseFirst statedFY2021-Q3AdvancedFY2021 – FY2022-Q22021: 32021
Same theme, other companies
Workforce reassignment and voluntary retirement accompanying the suspension of the newbuild businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2022-Q2AchievedAnnual report

    「Employment adjustments, including the voluntary early-retirement programme associated with structural reform, were completed in the second quarter.」

    The company explicitly stated that employment adjustments, including the voluntary early-retirement programme associated with the suspension of the newbuild business, were completed in the second quarter. The previous disclosure stated that the number of applicants was 248.
  2. FY2021AdvancedAnnual report

    「Applicants: 248 We expect to incur ¥984 million in costs related to additional retirement allowances and outplacement support services in connection with this voluntary early-retirement programme, which is scheduled to be recognised as an extraordinary loss in the fiscal year ending March 2022.」

    Against a planned 250 voluntary retirees, the number of applicants was confirmed at 248, and ¥984 million in additional retirement allowances and other costs is scheduled to be recognised in the fiscal year ending March 2022.
  3. FY2021-Q3First statedAnnual report

    「In addition to the difficulty of securing reassignment opportunities for all employees in the newbuild division, company-wide fixed-cost reductions are essential to strengthen future profitability. Although it was a difficult decision, the company decided to recruit voluntary retirees.」

    Employees in the newbuild division were reassigned to the repair-vessel division, while others were seconded or transferred to Namura Shipbuilding Co., Ltd. To address employees who could not be reassigned and reduce fixed costs, Sasebo Heavy Industries and its subsidiaries decided to recruit 250 voluntary retirees. The recruitment period was scheduled to run from 6 May to 21 May 2021.
Moved together

"Strengthening repair-vessel intake capacity, sales capabilities and cost competitiveness" moved the same way as this thread, in the same document, in 2 of its 3 moves.

222222★123456
  1. ★This thread
  2. 1Strengthening repair-vessel intake capacity, sales capabilities and cost competitiveness2×
  3. 2Research into Environmentally Friendly, Fuel-Efficient Ship Designs2×
  4. 3Weak Bulk Carrier Market and Disappearance of Demand for Newbuilds2×
  5. 4Order Fluctuations Driven by Economic Conditions, Vessel Capacity Supply and Demand, and Capital Investment Restraint2×
  6. 5Strategic Business Partnerships and Consideration of Further Overseas Expansion2×
  7. 6Sasebo Heavy Industries’ suspension of its newbuilding business and fundamental restructuring centered on naval vessel repairs and machinery operations2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Workforce redeployment following the suspension of the newbuild business and recruitment of 250 voluntary retirees | Namura Shipbuilding Co.,Ltd. (7014) | Komori