Maui News

MATSON ANNOUNCES WORKFORCE REDUCTION PLAN

January 22, 2009, 2:36 PM HST
* Updated January 23, 9:55 AM
A
A
A

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:  Thursday, January 22, 2009)

E-Mail Newsletters Receive daily or weekly updates via e-mail. Subscribe Now
News Alerts Breaking news alerts on your mobile device. Get the App

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments