Early Years
Nippon Steel was created by the merger of two giants, Yawata Iron & Steel (八幡製鉄 Yawata Seitetsu) and Fuji Iron & Steel (富士製鉄 Fuji Seitetsu). Beginning in early 1981, however, the company cut production and saw a sharp decline in profit that fiscal year. Forced to close furnaces, the company exhibited a typical Japanese economic aversion to layoffs, opting instead to offer standard early retirement enticements but also less conventional schemes such as a mushroom cultivation venture that used the surplus heat created by steel furnaces to temperature control a fecund fungi complex.
Read more about this topic: Nippon Steel
Famous quotes containing the words early and/or years:
“There is a relationship between cartooning and people like Miró and Picasso which may not be understood by the cartoonist, but it definitely is related even in the early Disney.”
—Roy Lichtenstein (b. 1923)
“Adolescents are travelers, far from home with no native land, neither children nor adults. They are jet-setters who fly from one country to another with amazing speed. Sometimes they are four years old, an hour later they are twenty-five. They don’t really fit anywhere. There’s a yearning for place, a search for solid ground.”
—Mary Pipher (20th century)