Major home electronics retailer Nojima Corp. has introduced an employment system that allows all employees to work until the age of 80.
The company aims to make use of the expertise of its veteran employees with extensive in-store sales experience and bring about positive impact on training younger employees. It is a rare attempt by a major company to extend the employment period to this age.
The company revised its internal rules on July 1 for the new system.
The retirement age at Nojima is 65, but the company will continue to employ workers after that age under one-year contracts as temporary employees. The working arrangements and salary will be decided through talks between the company and workers on a case-by-case basis.
One of the company's strengths is that it employs its own in-house sales staff rather than relying on temporary sales staff dispatched from home electronics manufacturers.
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