layoffs

Visa countdown haunts Asian tech workers as US layoffs mount

PALO ALTO, U.S. — A Chinese software engineer went to a Mexican beach resort in March on what he called a “workcation” — and is still there with no work, nowhere to go and no vacation mood.

The 27-year-old, who asked to be identified only by his surname, Chen, had traveled to Cancun to have a holiday while renewing his H-1B visa for the U.S. The vital document, which must be renewed abroad, allows Chen and hundreds of thousands of other foreign citizens to work in the country for three-year periods — as long as they have a company to

Read More

Chinese workers hit boiling point over lost wages and layoffs

SHANGHAI — Laborers from Qiantu Motor sat patiently in the company’s lobby, waiting from one of the executives to walk through on the way to their office.

When they spotted an executive from the four-year-old electric vehicle maker, the workers would shout, asking when they would get the wages that were owed to them.

The group “came to the company’s front lobby almost every day, sitting there with their futons and demanding pay whenever a senior executive walked by,” said a guard at the company’s Suzhou head office.

Scenes like this are becoming more common in China as workers in

Read More

Next and Dixons demand furlough clarity to avoid mass layoffs

The Tory peer’s views were echoed by Dixons chief executive Alex Baldock, who has put 16,500 employees on furlough. 

He said: “We are starting to raise our gaze beyond this crisis to how things might be different. In short, we would support a tapering of government relief rather than just ending on a cliff edge.”

Business leaders and officials have discussed allowing furloughed workers to go back to work with part of their salary still covered by the taxpayer, similar to schemes in Europe. 

Staff could work for a couple of days a week while still getting a subsidy.

Companies

Read More

Layoffs will cost you in the long run, Iris chairman warns

TOKYO — Corporate Japan has acquired crisis management experience firsthand in recent years. Having lived through the earthquake, tsunami and Fukushima nuclear disaster of 2011, Chairman Kentaro Ohyama of consumer products maker Iris Ohyama is battle-tested.

And the 74-year-old is convinced that laying off staffers for short-term relief will only come back to bite employers later, he told Nikkei in a recent interview.

The company is moving face mask production from China to Japan, qualifying it for a new government subsidy aimed at realigning supply chains. Since taking the helm at age 19 with the death of his father, Ohyama

Read More