Laox recruits voluntary retirement at Feb. 20 at 20:36
Laox, which operates duty-free shops nationwide, has announced that it will recruit volunteers on a scale of 160 employees together with its subsidiaries. The company is concerned that the spread of the new coronavirus infection could worsen its business results, making it necessary to review its organization and personnel.
According to the announcement, Laox, together with Shady, a subsidiary that sells gifts mainly for catalogs, will recruit around 160 full-time and contract employees for early retirement from this month to next month.
Laox has expanded duty-free shops nationwide dealing in home appliances and cosmetics, and has expanded its business model with a business model that captures the inbound demand of foreign tourists, mainly in China.
Recently, however, sales of duty-free shops have been sluggish due to the overshadow of "buy-buying," and in the Group's financial results for the year ended December 31, 2015, announced on the 14th, final profits and losses have been in the red for the second consecutive term.
Reasons for recruitment of voluntary retirement are that the spread of the new coronavirus will reduce the number of tourists from China and other overseas countries, which may have a negative impact on business performance, and also rely on Chinese tourists It is said that a shift from the system is necessary, and a review of the organization and personnel is indispensable.