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Personnel Today

Japan embarks on corporate overhaul

by Personnel Today 1 Mar 2002
by Personnel Today 1 Mar 2002

Corporate restructuring in Japan has intensified significantly since
September 2001, according to research by Credit Suisse.

The research shows that in the last five months many Japanese firms have
restructured more fundamentally than just by cutting jobs. Many are withdrawing
from unprofitable businesses and are seeking more alliances with other firms to
develop opportunities.

The research analysed the financial conditions, cost-cutting measures and
business reorganisation of nearly 1,500 Japanese firms. A Credit Suisse analyst
said the intense restructuring will help many companies achieve improved
profitability by 2003.

www.japantimes.co.jp

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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