Nobody wants to lose their job, especially in a place like Japan where a former airline pilot would have trouble getting just about any other kind of work, but these unions have their heads in the sand. JAL is lucky enough to be receiving seemingly neverending infusions of taxpayer money so long as they are making efforts to reorganize - so their backs are really against the wall.
The news that the company's voluntary retirement program had fallen short of its 1,500-person target by about 200 was revealed at a meeting of JAL executives at the company's Tokyo headquarters on Friday.
JAL Chairman Kazuo Inamori, who took part in the meeting via teleconference from Kyoto, had previously been hesitant about resorting to forcible dismissals. However, Inamori reportedly changed his mind after hearing the two-month program had failed to meet its target. Executives warned him there would be serious problems, both inside and outside the company, if the job-cut targets were not met.
JAL is eager to obtain approval from creditor banks on some 320 billion yen in fresh loans by the end of this week, paving the way for court approval of its rehabilitation plan by the end of November...