China Financial Daily

Japan Airlines layoffs: Japan Airlines filed for bankruptcy protection, the company will lay off one-third of employees
Asia’s largest carrier Japan Airlines (Japan Airlines) to the Tokyo District Court yesterday for bankruptcy protection, becoming the sixth largest in Japanese history, bankruptcies.

It is reported that Japan Airlines will be laid off in the next three years, more than 15,000 people, about one-third of the total number of current employees.

Japanese government spokesman said that JAL will cut the debt reduction under the support of Japanese companies (Enterprise Turnaround Initiative Corp), to give up loss-making business and get new investment, thus completing the realization of restructuring.

Japan’s Chief Cabinet Secretary Hirano Bo-wen yesterday in Tokyo, told reporters would be informed of this decision. The Government also said that at least this last year, carrying over 45 million passengers, the airline will continue its business operations.

Related posts:

1. Japan Airlines layoffs: Japan Airlines may lay off 13000 people under the new reorganization plan
   Japan Airlines layoffs: Japan Airlines may lay off 13000 people under the new reorganization plan...
2. Incubator Bank of Japan, Limited filed for bankruptcy protection
   Incubator Bank of Japan, Limited filed for bankruptcy protectionNews on September 10, 2010: Incubator Bank...
3. JAL layoffs: Japan Airlines on the 31th submits to the restructuring plan, it will lay off 16 thousand people
   JAL layoffs: Japan Airlines on the 31th submits to the restructuring plan, it will lay...