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Asia: The Bad News about Jobs

INDONESIA
420,000 workers laid off, with the total reaching 1 million by next year.

THAILAND
It's headed for recession, and 830,000 Thais could be newly jobless by next year.

SOUTH KOREA
With restructuring and austerity measures, 350,000 jobs are to disappear. Thousands of migrant workers may be kicked out.

JAPAN
Banks and brokerage firms are collapsing: 11,000 have just lost their jobs, and 260,000 more layoffs are expected.

HONG KONG
The failure of real estate firms and department stores has triggered 4,000 cuts in the past month. More are likely.

DATA: BUSINESS WEEK


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Updated Dec. 11, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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