Management 'K' Line slashes 10% after heavy loss

Kawasaki Kisen Kaisha (“K” Line) put a very short message – two paragraphs of as little as one sentence each – on its website yesterday. The first sentence announces that management is waiving one-tenth of its remuneration for the next six months. The second sentence stresses that the group is “determined to do everything possible” to return to black figures this financial year.