Extended telework and school closures in Japan worry firms and parents
Businesses are facing difficulty due to prolonged teleworking periods amid the spreading coronavirus outbreak, with such periods expected to continue longer due partly to an extended school shutdown in Tokyo. Meanwhile, parents are worried that extended school closures may deprive students of their right to ...
U.S. nuclear plants will be allowed to keep workers on longer shifts to deal with staffing problems in the coronavirus pandemic, raising worries among watchdogs and some families living near reactors that employee exhaustion will increase the risks of accidents. The Nuclear Regulatory Commission’s decision ...
U.S. jobless claims soar to once-unthinkable record 6.65 million
The number of Americans applying for unemployment benefits soared to a record 6.65 million last week, a level unimaginable just a month ago. As states shut down commerce to prevent the deadly coronavirus from spreading, the weekly claims data have been among the first detailed ...
Coronavirus breaks the mold for telework in office-bound Japan
The long-standing stereotype of Japan's office-bound "salaryman" is being tested as companies cautiously embrace working from home in a bid to stem the spread of the new coronavirus. The government has been trying for years to encourage firms to implement flexible working patterns, hoping that ...
More than 1,000 workers may lose jobs in Japan due to virus spread
Many of the workers seen to be fired are in the tour bus or hotel industries.
For Japan's nonregular workers, a weaker safety net as COVID-19 spreads
Different conditions from full-time staff creates worries for foreign-language teachers and others.
‘Jobs for life’ in South Korea and Japan set to cushion virus blow
A longtime thorn for businesses and productivity in Japan and South Korea is set to prove a bulwark for those economies as the coronavirus threatens millions of jobs around the world. Mass layoffs are frowned upon and labor laws make it hard for employers to ...
Global wave of consumer default underway, beginning in China
Like millions of people around the world, Zhang Chunzi borrowed money she thought she would be able to repay. Then the new coronavirus changed everything. Now laid off from her job at an apparel exporter in Hangzhou — one of China's most prosperous cities — ...
Almost 1 in 4 Americans lost job or were furloughed because of coronavirus, poll shows
Nearly 1 in 4 U.S. adults said they have been laid off or furloughed during the coronavirus outbreak, yet a bipartisan majority of Americans wants businesses to remain closed to slow the spread of the deadly virus despite its impact on the economy, according ...
Staying afloat: $2.2 trillion U.S. bill offers economic lifeline
In the coronavirus crisis, even doctors can face a cash crunch. Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80 percent as patients stay home and he cancels nonemergency surgeries. He's cut his staff's hours sharply and is negotiating ...
COVID-19 is not going to change the world forever, but it is going to change quite a few things, in some cases for a long time.
Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday. Japan Post Bank Co., ...
