Yokohama Proceeds With Philippines Investment

The 2 billion Yen investment in production expansion in Yokohama Philippines (T&A website May 2003) is to go ahead after “a perceived improvement in the business climate of the Philippines” according to Takashi Sugimoto, managing director for overseas business. This follows the resolution of a court case involving a dispute between Yokohama and a trade union, decided in favour of the management. The dispute involved the laying off of 70 employees.