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:
“Today’s pressures on middle-class children to grow up fast begin in early childhood. Chief among them is the pressure for early intellectual attainment, deriving from a changed perception of precocity. Several decades ago precocity was looked upon with great suspicion. The child prodigy, it was thought, turned out to be a neurotic adult; thus the phrase “early ripe, early rot!””
—David Elkind (20th century)
“Theoretically, we know that the world turns, but in fact we do not notice it, the earth on which we walk does not seem to move and we live on in peace. This is how it is concerning Time in our lives. And to render its passing perceptible, novelists must... have their readers cross ten, twenty, thirty years in two minutes.”
—Marcel Proust (1871–1922)