Wednesday, March 14, 2012

Japan workers protest massive wave of job cuts

Hundreds of unionized workers rallied in Tokyo on Tuesday to protest massive job cuts, accusing the country's biggest companies of sacrificing jobs to protect profits.

The global financial crisis has forced some of Japan's corporate giants to take drastic measures including job cuts, suspending production, postponing projects and closing factories. Sony Corp., Toyota Motor Corp. and Nissan Motor Co. are among the major employers to trim thousands of workers from their payrolls.

About 200 protesters waved banners and shouted slogans through loudspeakers outside the headquarters of the Nippon Keidanren _ Japan's largest business lobby group _ in Tokyo's main …

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