Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

NEC's loss widens; plans to cut 20,000 workers

Business Jan. 31, 2009 - 12:30PM JST ( 12 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

Order by Time Order by Popularity

12 Comments

0

meanmuthaJan. 31, 2009 - 12:06PM JST

Jesus thats a cut. Welfare and pensions get tapped. A few will turn to crime. As long as the porn, conbini, tobacco and mobile phone biz thrives... Japan remains unphased.
0

bobohJan. 31, 2009 - 03:00PM JST

Why should the public remain loyal to these companies who knife their workers as soon as profits fall? And why should the workers remain loyal? Dont buy the products of these companies and their incompetent, corrupt fat cat executives. I bet the executives arent getting escorted to the door by security. They`re busy trying to maintain their bonuses.
0

sk4ekJan. 31, 2009 - 03:06PM JST

Cutting payrolls and staff seems to have become a knee-jerk reaction of sorts lately. I wonder how much effort these companies put into other cost-savings measures before they begin costing people their livelihoods?? This goes for companies every--not just Japan (where certainly the gap between executive pay and front-line salaries is considerably smaller than it is as many American companies).

There are many reputable companies which have never had a lay-off in their entire history. They should be brought up as role models and their ways of doing business analyzed. Most of them, not surprisingly, have resisted going public.
0

WMDJan. 31, 2009 - 03:40PM JST

The world's　economy　has　truely　collapsed　and　we　are　now　in　a different　age.　The　age　of　naked　capitalism　is over.　For　one　thing　I　would　certainly　expect　workers　in　japan　to no longer be prepared to give　up　their　lives　to their companies as　though　they　were their lovers... And if that means they can have a life that's got to be a good thing. But this economic depression is now so deep I can only see major riots and unrest in many countries and in some cases, the return of fascism. We need a strong leaders now...
0

nishikatJan. 31, 2009 - 06:28PM JST

"...fat cat executives..."

Japanese executives don't make that much money compared to the west. In USA CEOs make in the millions usually- well, at big companies, at least. But in Japan CEOs generally make in the 100s of thousands (dollars).
0

nishikatJan. 31, 2009 - 07:10PM JST

kaminarikeizai I was commenting on someone else's comment. And what does your story have to do with this one? I like living in Japan but would not want to work in a regular company. But not because I would be afraid of the Japanese staff accusing me of doing things. Teaching here is best for me. And I don't have many bitter experiences here.
0

some14someJan. 31, 2009 - 07:31PM JST

20,000 gone how many left? Hope NEC will not become No Employees Company.
0

WMDJan. 31, 2009 - 09:05PM JST

Hope NEC will not become No Employees Company
Let's get it over and done with now. Every company sacks all workers, just think of the cost reduction!　Well we seem to heading in this direction anyway.
0

brotokyoFeb. 01, 2009 - 08:28PM JST

ouch!
0

rajakumarFeb. 02, 2009 - 04:01AM JST

WMD- Reality is for itself. We get no where blaming economic reality. WMD,better to learn from reality and develop our inner strengths in these times,the correct way. There is blessing from all challenges,it makes people more mature and wiser for future as we get older.

There are people in the other parts,of world in more poverty as compared to NEC people/Japan people,how are the living and earning a living.

Nature has enough to provide for all,the defect is the systems of governance which needs to change to this new reality. People will now need to empowered to work on, to overcome these economic defects,until it is over.

There is need for new deal in japan to deal with new reality in economy. Japan people have been through worst in 1940s as compared to 2000s, which so much easier as compared to 1940s.

From ashes of economic destruction,new economic wealth will rising again, like the rising sun in the land of rising sun. Japan needs to emulate the workers in 1950s,1960s,1970s and 1980s,how they united to overcome the challenges of a japan economy in destruction state.
0

YelnatsFeb. 02, 2009 - 03:11PM JST

They should do what Honda is doing and cut back salaries, not jobs. Tough place to live without a job.