(ANSA) – TOKYO, 03 JUL – More than a quarter of Japanese companies allow their employees to continue working up to the age of 70, a trend that has been consolidating due to the progressive decline in births and the drastic reduction in manpower, from years of the baby boom – after the war – to today.
In a government survey by the Ministry of Labor, conducted among 230,000 Japanese companies with more than 21 employees as of June last year, 25.6% said they had introduced systems to ensure their employees can work beyond the age of 70. On the other hand, 20% of the companies surveyed said that they do not apply strict guidelines for employees who can comfortably choose to continue their work activities even once they have reached retirement age. 4% abolished any choice obligation, and 2% increased the age limits before retirement.
A law enacted in April 2021 specifically requires companies to do what they can to keep their employees on the payroll until the age of 70. (HANDLE).
Source: Ansa
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