TOKYO — In a series of moves that could have long-term ramifications for its employees’ job security, Seiyu Ltd. is beginning to adopt Wal-Mart Stores’ penchant for efficiency.
Seiyu, the Japanese supermarket and general merchandise chain in which Wal-Mart carries a 37 percent stake, said last week it was "studying" a new personnel policy, although "nothing is definitive at this time." It didn’t comment on press reports here that said the new policy could result in workforce reductions of up to 40 percent over a three-year period. A Wal-Mart spokesman referred to discussion of job cuts as "premature."
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"