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About 125,000 non-regular workers lose jobs in Japan

About 125,000 non-regular workers lose jobs in Japan
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First Published: Fri, Jan 30 2009. 10 05 AM IST
Updated: Fri, Jan 30 2009. 10 05 AM IST
Tokyo: An estimated 124,802 non-regular employees, mainly temporary workers in the manufacturing sector, are expected to have lost or to lose their jobs in Japan between October 2008 and March 2009 amid the recession, according to a labour ministry survey released Friday.
The estimated number of job cuts during the six-month period represents a 50% jump from a Health, Labour and Welfare Ministry projection in its December survey, a result highlighting the severity of the employment conditions of Japanese companies.
The latest survey found that a combined 1,215 college or high school students scheduled to graduate in March have had job offers cancelled by companies.
The figure,about 60% higher than that in the December survey, is the highest since comparable figures became available in fiscal 1993. It eclipses the previous high of 1,077 recorded in fiscal 1997, when Japan’s financial sector was in turmoil due to the collapse of Yamaichi Securi ties Co.
Towards the 31 March end of fiscal 2008, more companies are likely to cut jobs or cancel job offers to students set to graduate in March, given further deterioration of their earnings, especially export-oriented automakers and electrical firms.
Temporary workers accounted for 85,743, or the largest 68.7%, of the estimated 124,802 jobs being lost during the October-March period.
The remainder includes 23,247 contract employees, including seasonal workers, 10,456 subcontract workers, and 5,356 workers in other categories.
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First Published: Fri, Jan 30 2009. 10 05 AM IST
More Topics: Japan | Recession | Manufacturing | Survey | Health |