Subscribe to RSS feedMOL intensifies cost cutting measures
by
Mike Grinter - Lloyd's List
—
last modified
Jul 20, 2009 12:32 PM
Mitsui OSK Lines plans to slash an additional 42% of costs above its original cost savings target.
More than US$600m cuts expected
MOL president Akimitsu Ashida told local press on Friday that the company would cut costs for the fiscal year ending March 31, 2010 by ¥57bn (US$608m), ¥17bn more than its original forecast made in March this year.
Despite MOL's increased efforts,...
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