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Oyo Is Slashing Footprint and Headcount in Virus-Hit Japan

  • Category:Other
BLOOMBERG QUINT
 
 
(Bloomberg) -- Oyo Hotels, one of the largest startups in SoftBank Group Corp.’s portfolio, is dramatically shrinking its footprint and headcount in Japan as bookings in the country plunge due to travel restrictions.
The Indian startup slashed its regional presence by closing ...

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One of Japan’s Largest Employers Plans to Cut Office Space by 50%

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BLOOMBERG
 
While much of Japan continues to debate the pros and cons of remote working, one of the country’s largest employers has made up its mind -- and it could be a bad sign for the office sector.
Fujitsu Ltd. said it will cut its office space in Japan by 50% over the next three years, encou...

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Haneda Airport Reopening In Japan After Coronavirus Closures

  • Category:Other
THE JAPAN NEWS
 
The North Wing of Haneda Airport Terminal 1 reopened in full on Wednesday after a 2½-month closure amid the novel coronavirus.
Japan Airlines Co. resumed operations in the North Wing, where its domestic flights arrive and depart, and which had been closed since April 17 because o...

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JAL To Resume All Domestic Flights As Early As October

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JAPAN TODAY
 
TOKYO - Japan Airlines Co said Wednesday it is planning to fully restart its domestic flights as early as October amid signs of a recovery in travel demand, hit hard by the coronavirus pandemic.
JAL has already started increasing the number of domestic flights since the lifting in M...

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Pandemic Delays Yahoo Japan, Line Merger Past October

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US NEWS
 
The merger between online services Yahoo Japan and Line Corp. is getting pushed back to later than the scheduled October date because of the fallout from the coronavirus pandemic.TOKYO (AP) — Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandem...

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Japan Display Posts Net Loss For Sixth Year On Restructuring Costs

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JAPAN TIMES
 
Japan Display Inc. said Tuesday it posted a group net loss of ¥101.42 billion ($938 million) in fiscal 2019, a red ink figure for the sixth straight year, due to hefty restructuring costs and weak demand for products.
In a delayed earnings report due to the new coronavirus outbreak,...

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Japan's Izakaya, A Staple Of After-Work Socializing, Crippled By Pandemic

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JAPAN TIMES
 
Japan’s after-work drinking scene has been disrupted by the novel coronavirus pandemic, forcing its often jam-packed izakaya dining bars to reinvent themselves to survive.
For decades, izakaya — a mainstay of late-night drinking and the nation’s working culture — have thrived by off...

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JAL Eyes Extending ¥150,000 Allowance To Each Employee

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan Airlines Co (JAL) plans to provide up to 150,000 yen in special allowances to some 36,000 people, or almost all employees of the carrier and its group companies, in early July, company sources said Sunday.
The measure is intended to boost the morale of employees, with ...

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Japanese Manufacturers Use Creativity, Expertise To Pitch In Amid Pandemic

  • Category:Other
THE JAPAN NEWS
 
In response to the coronavirus epidemic, small and medium-sized companies in Japan are developing new products one after another, using their established technologies and know-how to help prevent the spread of infections — and also hoping to turn the crisis into an opportunity am...

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Aging Administrative Pipeline Holds Back Japan's ¥230 Trillion Virus-Response Aid

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JAPAN TIMES
 
Prime Minister Shinzo Abe declared his virus-response package to be the world’s biggest, yet much of it remains stuck in Japan’s aging administrative pipeline, blocked by paperwork, complexity and a lack of staff.
Almost 40 percent of the funds budgeted for cash handouts to househol...

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