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edited by Md. Touhidul Islam
on 2023/06/11 11:06
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78 78  By 1975, as a result of that downturn, MHI generated only about 40% sales from the shipbuilding segment and only about 33% of its employees worked there. By 1985, the numbers further declined to only 15% and 17%, respectively. However, MHI managed to shift its assets quickly enough to survive. Having already spun off its automobile division to form Mitsubishi Motors Corporation in 1970, MHI aggressively pursued clients in the power-plant and factory-design fields. It also resumed its position as the top supplier of military hardware to Japan's growing defense force. MHI has streamlined its production facilities by shifting employees from older industries such as shipbuilding to newer ones such as machinery and power-plant production, at the same time allowing natural attrition to shrink its overall labor bill.
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81 +[[image:1954 mitsubishi.jpg||alt="1954 mitsubishi history"]]
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81 81  MHI participated in a ¥540 billion emergency rescue of Mitsubishi Motors in January 2005, in partnership with Mitsubishi Corporation and Mitsubishi Tokyo Financial Group. As part of the rescue, MHI acquired ¥50 billion of Mitsubishi Motors stock, increasing its ownership stake to 15 percent and making the automaker an affiliate again.
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