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Chinese tourist slump forces job cuts at duty-free chain Laox

Coronavirus adds to troubles for Suning-owned Japan retailer

Laox has seen customer traffic fall at its duty-free stores, like this one in Tokyo's Akihabara. (Photo by Yukihiro Omoto)

TOKYO -- Retail group Laox, which caters to tourists in Japan with duty-free stores, plans to lay off about 8% of its workforce as the company faces the risk of a pronged drop in travelers.

The Tokyo-listed company, whose parent company is Chinese retailer Suning.com, said Friday it will seek early retirement by about 160 employees starting this month. Most of the cuts -- 140 jobs -- will be at its namesake chain.

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