JAL layoffs: JAL intends to cut down 20% of international routes, the layoffs rose to 6,000 employees
According to Japanese media reports, Japan Airlines will substantially reduce 20% of international routes and 30% of the costs in 3 years .
Japan’s Sankei Shimbun reported that Japan Airlines will gradually reduce more than 20 international routes, accounting for 20% of all international routes from next month, the plan will be completed in March 2011, which will cancel 10 routes this year, mainly focuses on the Chinese market.
Kyodo reported that Japan Airlines after the execution of this plan, the company would increase 1000 layoffs, in addition to the previous layoff plan, the number of layoffs for JAL will increase to 6,000 people.
Yahoo layoffs: Yahoo or may lay off 1700 employees after the deal with Microsoft
News on September 15: according to foreign media reports, the U.S. investment firm Sanford Bernstein analyst Jeffrey Lindsay released the Investment Report on Monday said that the cooperation between Yahoo and Microsoft is expected to complete at the second quarter of 2010. After the end of the transaction, Yahoo is likely to lay off at least 1,700 people.
Lindsay said in the report, the market has underestimated the value of Yahoo shares. Lindsay change Yahoo’s stock rating from market perform to outperform.
Lindsay also believe that once Microsoft and Yahoo’s search advertising partnership transactions completed in the second quarter of 2010, Yahoo may lay off at least 1,700 people.
China’s Foreign Trade: import and export data of China in August, 2009
China’s imports, exports drop 20.6% in August, 2009
News on September 11: China’s foreign trade continued to decline in August, 2009. The total value of imports and exports in August was 191.7 billion U.S. dollars, which decreased 20.6% compared with the same month last year, but it increased 2.3% compared with that of July.
The total value of imports were 88 billion U.S. dollars in August, which reduced 17% compared with the same month last year and increased 3.4% compared with that of July.
The total value of exports were 103.7 billion U.S. dollars in August, which reduced 23.4% compared with a year earlier and increased 1% compared with that of July.
From January to August, the total value of China’s imports and exports were 1.34 trillion U.S. dollars, which reduced 22.4% compared with the same period last year.
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