Manufacturing often means making things in one place for a long period of time, developing technology, having a lot of employees, and employee loyalty is also a necessity. It's not like finance, where you just look at a screen and push buttons.
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Nippon Steel Executive Vice President Kosei Shindo, who said his company was committed to its remaining operations in Kamaishi, Iwate Prefecture, making steel wire. He says Japan’s strong corporate sense of responsibility to workers and communities would temper moves abroad by manufacturers.(Reuters)
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borscht
I believe Mr. Shindo should look at car companies, electronics manufacturers, textile makers, and tire manufacturers to see how strong a sense of responsibility some Japanese companies have to their workers. And the part about
means labor costs. And as labor costs rise, companies seek cheaper employees (be they imported Japanese-Brazilians or overseas).
However, since he was probably addressing the people of Kamaishi, his vote of support for them is admirable.
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namabiru4me
I am sure his employees are grateful for his sense of responsibility to them. However, with high Japanese wages and competitive forces from overseas, I wonder how long they can keep this stance.
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JeffLee
The Brazilians in Aichi who made Toyotas and then were told to get lost during a downturn certainly weren't shown much of a "corporate sense of responsibilty" by Japan's biggest manufacturer.
What really keeps Japanese manufacturing alive is cheap, subcontracted labor.
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