TOKYO, Sep 09 (News On Japan) –
Mitsubishi Electric will introduce a voluntary retirement program focusing on workers aged 53 and older, in addition to these rehired after retirement, regardless of posting file earnings in fiscal 2025.
The firm introduced that the transfer is aimed toward rejuvenating its workforce in keeping with enterprise mannequin reforms. Of its 42,000 workers, round 10,000 fall beneath the eligibility standards, although Mitsubishi Electric has not set a goal variety of retirements.
Applicants will obtain enhanced retirement advantages, together with extra severance pay, and the corporate may even supply job placement help for individuals who request it.
The choice comes as different main Japanese corporations take related steps. Panasonic Holdings, which additionally reported a internet revenue, has introduced plans to cut back its workforce by about 10,000 workers. The wave of so-called “profitable restructuring” is spreading throughout company Japan.
Source: TBS