Tokyo, June 24 (Jiji Press)–A quarter of companies in Japan have taken measures to allow employees to work until the age of 70, a labor ministry survey showed on Friday.
Companies in Japan are required to make efforts to introduce measures to secure employment opportunities for workers until the age of 70, such as scrapping retirement age limits.
The requirements were introduced under the revised law to stabilize employment for elderly workers that went into force in April last year.
The survey showed that 25.6 pct of companies have introduced such measures. “Measures have been taken to a certain degree,” a ministry official said.
The share of companies with such measures stood at 26.2 pct among small and midsize companies with 21 to 300 employees, against 17.8 pct among larger companies, according to the survey.
Smaller companies are believed to have moved more proactively to keep motivated workers longer because they are affected more severely by labor shortages.
The proportion of companies that have measures to allow employees to work until the age of 65 as required under the law reached 99.7 pct, the survey showed.
The survey covered 232,059 companies.