Japan Airlines declared bankruptcy Tuesday 19 January, and says it will lay off some 15,000 employees, one-third of the work force. The government says it will offer financial support during the restructuring process. The company’s failure is Japan’s largest outside the financial industry since at least the second world war, according to the Financial Times.
Links to other sites: Financial Times, Time magazine and JAL official announcement
Posted by Ellen Wallace on 19 January 2010 at 13:04 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 19 January 2010.
Filed under: World news
Tags: bankruptcy, Japan Airlines, job losses
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