Japan bank Mizuho to offer staff shorter workweek on reduced pay

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TOKYO (BLOOMBERG) - Mizuho Financial Group plans to allow staff to work three or four days a week on reduced pay, as the Japanese bank assesses what post-pandemic working life will look like.. Read more at straitstimes.com.

TOKYO - Mizuho Financial Group plans to allow staff to work three or four days a week on reduced pay, as the Japanese bank assesses what post-pandemic working life will look like.

The bank may introduce the programme at six of its businesses, including its commercial bank, trust bank and brokerage, affecting about 45,000 employees. Staff who choose to work three days a week will receive 60 per cent of their salary and those who choose four days, 80 per cent, the spokesperson said.

The new measures aim to help staff decide on their working style and Mizuho expects the reduced hours will be used for employees who want to dedicate more time for childcare, nursing care or education, she said.

 

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