Japan Airlines Layoffs Job Cut: may fire 1200 employees

The news is not good for the employees of the Japan Airlines Corporation, which is the leading airline company of Japan, as the organization may be going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Japan Airlines Organization, which may be going for layoffs.
How many employees may be fired in the Japan Airlines layoffs?
As per the reports, there can be around 1200 layoffs by Japan Airlines.

What is the total no. of employees of Japan Airlines?
The total no. of employees of Japan Airlines is reported to be around 49,200 globally. Plans are to reduce it to 48,000 which means that there can be more layoffs.

What will be the cost and savings by Japan Airlines layoffs?
Plans are to cut costs by around 50 billion yen or USD 512 million.

When will the Japan Airlines layoffs happen?
The layoffs are going to be done this fiscal year.

Which locations and department of employees will be affected by the Japan Airlines layoffs ?
No info available location or department wise.

What is the primary reasons for Japan Airlines layoffs?
Cost Reduction due to falling passenger traffic is the main reason of the layoffs.

Any other news about Japan Airlines layoffs
As per Bloomberg, Japan Air had a net loss of 63 billion yen in the year ended March 31 compared with a previous forecast for a 34 billion yen loss
Let's hope that alternative jobs are available to the affected employees of Japan Airlines Layoffs Job Cut

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Annual Layoffs Forecast: 2008 Executive Survey Finds Severe Job Cuts to be Made This Year.

Career Protection's[R] Annual Layoffs Forecast predicts a 37% increase in companies planning layoffs and reductions in workforce this year

Career Protection's Annual 2008 Layoffs Forecast paints an ugly picture of cuts in jobs for this upcoming year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans conducted by the employment law and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. experts of CareerProtection.com this month (Survey conducted January 2-25, 2008).

"This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers," says Kirk Nemer, J.D., SPHRSPHR Senior Professional in Human Resources
SPHR Solidarity for Palestinian Human Rights
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"The only good news provided by Executives and Senior Vice Presidents in our survey was that companies were planning to provide severance paySeverance Pay

Compensation that an employer gives to someone who is about to lose their job.

Notes:
Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid.

during these difficult and stressful times," Nemer stated. "However, it appears the severance packages will not be as generous in their severance pay as they have been in the recent past." Nemer added that, "Employees should negotiate their severance package offers as they're not a 'take-it-or-leave-it' situation. Companies will still require employees to execute a General Release of Legal Claims in exchange for receiving a severance package, so companies will negotiate its terms to obtain one from employees."

Career Protection has been inundated in·un·date
tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates
1. To cover with water, especially floodwaters.

2. this month with telephone calls from employees at Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. , Chrysler, Citigroup, Covidien Healthcare, Ford, GM, Indy Mac and Sprint Nextel, who have announced plans for reductions-in-force in January.

About Career Protection[R]

The leading national provider of employment negotiations advice, the human resource and legal experts at Career Protection[R] have previously served as Vice Presidents of Human Resources, or Corporate Counsel/Attorneys for many Fortune 500 and Global Corporations. For information on how executives and professionals can receive a severance pay negotiations strategy and free consultation to protect their career and financial future, visit http://www.CareerProtection.com.

Kirk D. Nemer, CEO of HR on your side, Inc./CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law.

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