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Layoffs will cost you in the long run, Iris chairman warns

Veteran executive confident that employers protective of workers will reap rewards

Companies must make use of all government subsidies and find a way to keep its staff, Iris Ohyama Chairman Kentaro Ohyama said.

TOKYO -- Corporate Japan has acquired crisis management experience firsthand in recent years. Having lived through the earthquake, tsunami and Fukushima nuclear disaster of 2011, Chairman Kentaro Ohyama of consumer products maker Iris Ohyama is battle-tested.

And the 74-year-old is convinced that laying off staffers for short-term relief will only come back to bite employers later, he told Nikkei in a recent interview.

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