Japanese university graduates already getting 'pink' slips

http://www.usatoday.com/money/world/2009-03-05-japan-lifetime-employment_N.htm?csp=34

This is a good article about how the bad economy is affecting university and college graduates in Japan, especially the pattern of 'lifetime' employment (more a myth than anything else in Japan anyway).


Brief excerpt:
>>Japan offers a lifetime job, if hired right out of school

By Paul Wiseman and Naoko Nishiwaki, USA TODAY
TOKYO — Hundreds of young Japanese are getting pink slips before they even start work.

Japanese companies, contending with plummeting sales and shriveling profits, are withdrawing job offers to university and high school seniors.<<