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.
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Famous quotes containing the words early and/or years:
“Betwixt the black fronts long-withdrawn
A light-blue lane of early dawn,”
—Alfred Tennyson (1809–1892)
“After us they’ll fly in hot air balloons, coat styles will change, perhaps they’ll discover a sixth sense and cultivate it, but life will remain the same, a hard life full of secrets, but happy. And a thousand years from now man will still be sighing, “Oh! Life is so hard!” and will still, like now, be afraid of death and not want to die.”
—Anton Pavlovich Chekhov (1860–1904)