22% of Japan firms eye fewer new hires for FY 2022 as pandemic bites

Economy Society

Some 22 percent of major companies in Japan are planning to cut new hires for the business year starting next April from the current year, a Kyodo News survey showed Sunday, indicating many firms remain cautious about the outlook amid the coronavirus pandemic. In the survey covering 110 firms, many of those planning to curb new hires were in sectors hit hard by the pandemic such as transport and tourism, which saw demand evaporate. Helped by a recovery in the U.S. and Chinese economies, manufacturers, meanwhile, expect to hire more new graduates, citing business expansion plans. Major Japanese...

Kyodo News

Kyodo News Society