GoGlobal Asia Launches Cost-Rationalization Package Amid Coronavirus Outbreak

Published on March 10, 2020 | Last updated on September 21, 2023 |
business communication in asia

GoGlobal Asia is launching a cost-rationalization package for organizations with operations in APAC that want to right or downsize their footprint in the region but retain some form of presence in country. The package includes:

  1. Company restructuring and wind-up
  2. Transition of in-scope employees to a licensed employer of record
  3. Dormancy / liquidation of the company’s legal entity

GoGlobal Asia, headquartered in Tokyo, Japan, with 16 offices in Asia Pacific, is at the epicenter of the Coronavirus (COVID-19) outbreak and has seen a number of organizations try to restructure their operations in the region. Ryo Yazu, Representative Director of GoGlobal Japan stated, “With the markets in turmoil, a lot of clients are now looking at rationalizing their Asian markets fixed cost structure. With this GoGlobal solution, clients can compliantly maintain a presence and still reduce significantly their ongoing cost burdens.”

The content provided in this publication is for general information purposes only and should not be considered legal advice. Due to potential changes in regulations, the information may become outdated. GoGlobal and its affiliates disclaim any responsibility for actions taken or not taken based on the information contained in this publication.
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