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MATSON ANNOUNCES WORKFORCE REDUCTION PLAN
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Matson Navigation will be reducing its staffing by 10 percent under a cost cutting plan announced by parent company Alexander & Baldwin. Matson plans to reduce its non-union headcount by approximately 60 positions. A&B chairman Allen Doane said that while fourth quarter and full year 2008 earnings are expected to be good, the measures are necessary in view of the current economic climate. A fourth quarter and end of year report is due out on February 4th, at which time, company officials will discuss details of cost reduction efforts.
(Posted:Â Thursday, January 22, 2009)
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