Employment News
Alexander & Baldwin Decimating Workforce
By Erik Even | Dated: 03-21-2009
Ocean transportation services firm Alexander & Baldwin is reducing non-union workforce by 10%.Cargo demand and freight movement were lower than expected in the first two months of this year.
The company expects workforce restructuring charges of up to $6 million in Q1, and expects to save about $8 million a year from job cuts.
Alexander & Baldwin is a Honolulu-based company that was once part of the Big Five companies in territorial Hawaii. The company today operates businesses in shipping, sugar cane, real estate, and diversified agriculture.
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