TEPCO to give management-level employees $1000 each

7 years ago by in Business

Tokyo Electric Power Co. (TEPCO) will give each management-level employee Y 100, 000 ($1000) to keep them from leaving the company, after the 2011 Fukushima Daiichi nuclear complex disaster. The money will total Y 500 million, TEPCO President Naomi Hirose said in a press conference.

“This was quite a big decision, but I have strongly hoped to send a message from the management that I want to do such a thing (to the employees) when they tried hard and achieved something, even though the sum may be small”, Hirose said, quoted by Kyodo.

The Fukushima I Nuclear Power Plant, also known as Fukushima Dai-ichi, is a disabled nuclear power plant located on a 3.5-square-kilometre (860-acre) site in the towns of Okuma and Futaba in the Futaba District of Fukushima Prefecture, Japan.

The plant suffered major damage from the 9.0 earthquake and subsequent tsunami that hit Japan on March 11, 2011. The incident permanently damaged several reactors making them impossible to restart. The earthquake and tsunami disabled the reactor cooling systems, leading to releases of radioactivity and triggering a 30 km evacuation zone surrounding the plant. On April 20, 2011, the Japanese authorities declared the 20 km evacuation zone a no-go area which may only be entered under government supervision.