by pna.gov.ph
Toyota Motor Corp. is considering introducing a system next April to halve the working hours of those who are reemployed after reaching their retirement age of 60 in the factory production section, company sources said Saturday.
The automaker apparently aims to create a better working environment for its older workers to maintain domestic employment and to reduce labor costs at a time the company has been hit by poor earnings mainly because of a strong yen, the sources said.
The envisioned move may prod other companies to take similar measures following the enactment of domestic legislation that requires firms to secure employment for all those who still want to work until aged 65.
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