TOKYO | The shortage of labor driven by the aging of the population in Japan has convinced the electronics retailer Nojima to allow its employees to work until the age of 80 years if they wish.
The age of retirement in Nojima was up to now 65 years of age.
According to what was reported by the journal of japanese business in the English-language Nikkei Asian Review at the end of the week, the offer is available to the approximately 3,000 employees of the company whose headquarters is in Yokohama. Clerks and salesmen in the stores will be able to take advantage of this offer in the same way that employees of other services.
The company, a giant in its niche, wishes to “a wide range of senior employees play an active role regardless of the place”, was mentioned in Nikkei, a member of the senior management, Yoshiyuki Tanaka.
Employees who choose to continue to work beyond the age of 65 will have to renew their contract each year. Their physical conditioning and endurance will be taken into account. Nojima will consider the possibility that its workers remain even after the age of 80 years.
Nikkei Asian Review points out that other retailers in Japan are going in the same direction as Nojima in postponing the age of retirement in order to cope with the situation. The supermarket chain Summit, in the Tokyo area, brought it to 75 years.
The japanese government is preparing to implement new measures starting next spring – encouraging businesses to make efforts to counter the shortage of labour, which can cause further concerns to the extent that the costs of the social security increase. Several options will be offered to employers, which allow employees to work until age 70.
According to government data cited by another media japanese, the Japan Times, it is estimated that one worker out of three japanese will be aged 65 and over in 2025. Experts also predict that Japan will face a shortage of 6.44 million workers in 2030.