LayoffBlog.com

April 16, 2009

Solution to Japan’s Jobless Problem: Send City Workers Back to the Land

Filed under: Japan — 7macaw @ 6:43 am
Tags: , , ,

As the global financial crisis sinks Japan into its worst recession since World War II and hundreds of thousands of jobs are slashed in factories and offices, farming has emerged as a promising new career track.

Seeing agriculture as one of the few industries that could generate jobs right now, the government has earmarked $10 million to send 900 people to job-training programs in farming, forestry and fishing.

Policy makers are hoping newly unemployed young people will help revive Japan’s dwindling farming population, where two in three full-time farmers are 65 or older. Of Japan’s total population, 6% work in agriculture, most doing so only part time, down from about 20% three decades ago.

Source: The Wall Street Journal

February 10, 2009

Nissan to cut 20,000 jobs

According to Bloomberg: “Nissan Motor Co., Japan’s third- largest carmaker, rose the most in a month after the company said yesterday it would cut 20,000 jobs in an effort to return to profit.”

“The carmaker will slash labor costs in high-wage countries by 175 billion yen ($1.9 billion), or 20 percent, after forecasting its first loss in nine years. Nissan also plans to shift some domestic production overseas to counter a rising yen.”

January 30, 2009

NEC to cut 20,000 jobs

Japanese electronics giant NEC Corp. said it will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit by competition and the global economic slump.

The company hopes the job cuts, which will be split equally between Japan and overseas, will help save 80 billion yen over the next two years.

~News submitted by Steve~

Source: Singapore Retrenchment Blog

December 28, 2008

Japan’s industry, employment weaker

Filed under: FYI,General,Japan,unemployment — DF @ 11:04 pm
Tags: ,

According to CNN: “Japan’s industrial output took the largest drop in history in November over October, tumbling 8.1% – nearly double the previous record of 4.3% in January 2001, according to a report from the Ministry of Economy, Trade and Industry.”
“More than 2.5 million Japanese are out of work, the ministry said, and for every three people looking for a job, only 1.5 jobs are available. That ratio is the lowest in nearly 5 years.”

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