Business

MUFG Bank to open 'workation' offices in Karuizawa and Singapore in bid to boost productivity

JIJI, Staff Report

MUFG Bank said Thursday that it will open “workation” offices, designed to allow employees to balance work demands while enjoying a vacation, in the resort town of Karuizawa, Nagano Prefecture, and Singapore, on Monday.

The core unit of Mitsubishi UFJ Financial Group Inc., one of the country’s top three banking groups, hopes that the use of the offices will help boost its employees’ creativity and productivity.

Workation, a combination of “work” and “vacation,” is attracting attention as a form of telework. According to reports, the intention is for staff to spend only a limited amount of time catching up with work activities at the new facilities during the course of a longer vacation.

The Karuizawa and Singapore offices have a floor space of about 30 and 10 square meters, respectively, and include tables and chairs for workers. Users will need to make reservations in advance.