Japan's Giant Yakult Conducts First Mass Layoffs in China, as Wage Cuts and Unemployment Surge
China's economy continues to decline, and foreign-funded companies have laid off employees. The headquarters of Japanese beverage manufacturer Yakult recently announced that it has carried out large-scale layoffs at its subsidiary in Shanghai. The number of layoffs will reach approximately 800 people. It is reported that this is Yakult’s first large-scale layoff in China.
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