Employee buyouts soar in Japan, hitting electronics, IT jobs

Offers triple from 2023 as businesses face pressure to streamline

20241118N Salaryman

A total of 53 Japanese companies have offered early retirement and other voluntary severance deals to 9,219 workers this year as of mid-November. (Photo by Yutaka Miyaguchi)

TAMAKI KYOZUKA, Nikkei staff writer

TOKYO -- Listed companies in Japan have offered buyouts to nearly 10,000 employees so far in 2024 -- roughly triple last year's number -- as weak earnings push more businesses into reducing staff.

A total of 53 companies had offered early retirement and other voluntary severance deals to 9,219 workers as of Friday, a survey by Tokyo Shoko Research shows.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.