Word: shibaura
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...entrenched to be changed without tremendous dislocations in Japanese society. Big corporations have avoided the issue so far by choosing an alternative answer: to cut the number of new workers hired while keeping productivity per worker high with more automation in factories. This year, for example, the giant Tokyo Shibaura Electric Co. will take on only 700 new workers to replace the 3,000 who are reaching retirement...
...obvious reason: since they pay the world's highest wages, they have the nost to save by manufacturing offshore. They began by subcontracting work to locally owned firms in Japan and Western Europe, and are still expanding that practice. Ford Motor, for example, has signed up Tokyo Shibaura Electric to make most of the generators that will go into its 1971 models, and is dickering to have another Japanese firm, Dieel Kiki, supply many of the compressors needed in auto air-conditioning systems. Lately a growing number of American firms have gone further to set up their own component...
...Peru the Japanese have become leaders in the booming fish-meal industry, are also building a railroad in the backlands. In Honduras, Japan's Oki Electric Co. underbid such Western giants as A.T. & T. and Siemens to win the contract to build a new telephone system. Tokyo Shibaura Electric will soon install an educational television network in El Salvador, and Toyota and Nissan will start assembling cars in Venezuela by year...
Japan's fast-growing electronics industry scored a notable success. Under a threeyear, $8,000,000 contract, Tokyo Shibaura Electric Co. began turning out upward of 75,000 transistor radios, 800,000 transistors, and 1,000,000 vacuum tubes annually for International General Electric, to be resold under the I.G.E. name in Europe, Asia and Africa. I.G.E. was the second major U.S. electronics company to decide to make a deal this year with the Japanese. In April Motorola put on sale in the U.S. a $29.95 shirt-pocket-size transistor radio with most of its parts made in Japan...
...Tokyo's Taizo Ishizaka, president of the Japanese Federation of Economic Organizations and president of the Tokyo Shibaura Electric Co., suggested an international agency to exchange technical know-how and services, thus promote industrial development and combat anti-foreignism in backward countries. In much of the world, said Ishizaka, there is still a blind prejudice that "capitalism leads to imperialism" and alien rule...