Chapter@3@ Financial Situation


3. 1@Financial Situation


@ @The financial situation in fiscal 1981 continued to be severe for transport operators in the face of stagnant demand for transport caused by general business slump. Excluding the major private railway companies and ocean-going shipping agents, many transport operators suffered deteriorated earnings rates or ran up deficits despite raises in fare or cost reduction efforts (Fig. 3).


3.2 Employment



@ @Statistics on transport workers in fiscal 1981 show the following features:

‡@ The number of employees in the transport and communication industries totaled 3,440,000, a decrease of 60,000 (1.7%) from the previous fiscal year. This figure accounts for 6.2% of the total work force.
‡A Excluding the railway industry, the average working time of transport workers is longer than that of all industries:
particularly long is the working time of road transport workers.
‡B The average monthly wage (in cash) of transport workers is 298,741,7% higher than that of all industries: this is because the railway industry maintains a high wage level. However, the road transport industry's average is lower than that of all industries. There are considerable gaps between different transport systems.
‡C The average age of transport and communications workers is 39 years, 2.1 years older than that of all industries: this is 1.5 years older than five years ago


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