Word: laboral
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...wage system and guaranteeing lifetime employment. But the country's economic slump in the '90s destroyed this close-knit corporate culture, undermining the traditional work ethic. Despite signs of Japan's improving economy during the past several years, workers have become suspicious of employers' proposals for bringing back conventional labor policies. Younger salarymen came to value career moves over lifetime employment because they lost trust in their employer, who may very well let them go at any time, regardless of their contribution to the firm. It will be difficult for Japanese companies to revive traditional business customs and boost worker...
...With cheaper production, location and labor costs, films can be made for less in Asia. But in strategic terms, the Weinsteins may also be looking to stake a claim on the market of Asia's movie viewers, which has become the world's fastest growing. Ten years ago, the North American takings of U.S. film companies outpaced international earnings. "That's now absolutely shifted," says TWC co-president Michael Cole, who will shuttle between Hollywood and the fund office in Hong Kong. PricewaterhouseCoopers estimates that Asia's film industry will increase by 6% annually, reaching $104 billion...
...matter of minutes, but the significance of the occasion vastly exceeded its brevity. On Aug. 28, 20 protesters gathered at a market in Burma's commercial capital, Rangoon, to demonstrate against the ruling junta's decision to raise prices of essential goods--in some cases 500%. Led by labor activist Su Su Nway, the group had just begun to chant slogans when thugs employed by the military regime swooped in and started dragging the demonstrators into waiting vehicles. The frail Su Su Nway, who emerged from prison only last year, after serving seven months for reporting cases of forced labor...
...that sense of team spirit and togetherness--called soshikiryoku--that many Japanese corporations are trying to rekindle. Up to a generation ago, college grads entered companies en masse, lived together, drank together, quite often married one another and retired together. This close-knit culture, which was virtually national labor policy, was widely credited for Japan's meteoric rise. But it all ended when the country hit the skids in the 1990s. Threatened by cheap labor and more efficient business models, Japanese companies began adopting American management concepts such as merit-based pay and job competition. "The Japanese equated globalism with...
Amount the average U.S. worker contributes to the nation's GDP, according to a new International Labor Organization report, making Americans the world's most productive employees...