Tepco struggles to contain crisis – Financially

From Gulf News Bloomberg Published: 00:00 June 26, 2011

Tokyo Electric Power Company may sell assets, reduce pension benefits and eliminate jobs to shore up finances as it struggles to contain the worst nuclear crisis since Chernobyl and compensate victims, Japanese media reported.

The utility, known as Tepco, may sell Toden Real Estate as part of a restructuring programme, the Yomiuri newspaper reported yesterday, without saying where it got the information.

The unit has 180 billion yen (Dh8.2 billion) in assets including about 460 commercial and residential buildings under management, the report said.

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