According to The Asahi Shimbun, Japanese entrepreneur is committed to rendering his enterprise here “friendly” to all relevant parties including employees and sustainable as a “good company.”
“The current increased interest in the SDGs (U.N. Sustainable Development Goals) should not be quickly lost just as a temporary trend,” said Mitani, 37, CEO of Mitani Sangyo Co.
Mitani Sangyo, a long-established firm handling chemicals and plastics for use in automobiles for more than 90 years, effectively abolished its mandatory retirement system for employees.
While employees at the company in the Hokuriku region listed on the Tokyo Stock Exchange’s top Prime Market can retire at age 60, they are allowed to continue working there for additional years on an unlimited basis.
Staffers are eligible for severance allowances on two occasions: when they reach the standard retirement age of 60 and when they decide to dissolve their contracts with Mitani Sangyo on their own.
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