Threatened with layoffs, employees at Goldman Sachs in Japan formed what is believed to be the first ever union at Goldman, James McCrostie reports in the Japan Times:

At Goldman Sachs Japan, things became so unusual that some of its staff even took the remarkable step of unionizing after the firm’s attempts to force workers to voluntarily resign — and thus sidestep the notoriously tough restrictions on layoffs under Japanese labor law — apparently backfired. Instead of quitting, the company’s actions spurred some employees to heed the call for workers of the world to unite, and they formed what’s believed to be Goldman Sachs’ first-ever employee union. 

[Photo credit: BW Jones, Creative Commons.]