(ANSA) - TOKYO, 03 JUL - More than a quarter of Japanese companies allow their employees to continue working until the age of 70, a trend that has been consolidated due to the progressive decline in births and the drastic reduction in workforce, since the baby boom years - after the war - to date.
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 have introduced systems to ensure their employees can work beyond the age of 70.
On the other hand, 20% of the companies surveyed said they do not apply strict guidelines for employees who can comfortably choose to continue their work even after reaching 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 payroll until the age of 70.
(HANDLE).