Japan's Postal Service to Cut Jobs
Japan's Postal Services Agency is considering cutting as many as 20,000 jobs in five years out of a total of 300,000 employees, according to a report yesterday from Bridge Information Systems Inc.According to a Japan Postal Services spokesman, the slimming down is an attempt by the agency to return to profitability as it prepares to transfer its mail, savings and life insurance operations to a public corporation in 2003.
