From Hong Kong news agency
JAL to axe 15,000 jobs
22-01-2010
Japan Airlines has announced that it's to shed 15,000 jobs -- almost a third of its workforce. The company, once Asia's largest carrier, applied for bankruptcy protection on Tuesday. Its share value had shrunk by then to less than the price of a single plane. The airline's demise coincides with a severe contraction in the Japanese economy.