16 March 2009 Asia and Indonesia

TAIWAN SLASHES SERVICES & PAY

The Taiwan High Speed Rail Corporation (THSRC), hit hard by the recession, has announced that 126 scheduled services are to be suspended every week. The line has only been open since January 2007. From March 2009, the monthly salaries of 110 top executives are to be cut by between 10 and 20%. The co

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