Poor Pfizer. In a proposal almost unheard of in Japan, Pfizer Japan in December named 300 employees, or about 5 percent of its work force, and asked them to resign.
The company was forced to retract the proposal after meeting a fierce backlash from its labor union.
The new head of Pfizer Inc.'s Japanese subsidiary on Monday vowed to make the trust of its workers a top priority, three months after the proposal caused his predecessor to step down.
"Operational results are important, but building trust (with our employees) is equally important," said Pfizer Japan Inc. President Hiromitsu Iwasaki, who replaced Soren Celinder in February.
A new corporate vision says the company will "become the most trusted, most valued healthcare company in Japan."
The word "trust" was not in the previous vision.
More here.
1 comment:
It's amazing that a firm like Pfizer has to grovel in Japan in a manner described in this article.
Both employees and employers in America realize that a firm must accommodate the realities of business operations and have the option to discharge employees from employment when economics and long-term strategy require it.
It's startling that an advanced nation like Japan does not realize that!
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