Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday. Japan Post Bank Co., ...
Japan Post group to halve recruits in 2021 after insurance scandal
Japan Post Holdings Co. plans to hire 2,055 new graduates in April 2021, less than half of some 4,300 slated to start working for the postal service group next month. The plan, announced Thursday, falls in line with the group's moves to review its marketing ...
Over 1,400 Japan Post workers improperly sold insurance products, probe finds
The Japan Post Holdings Co. group said Thursday it had confirmed Japan Post Insurance Co. products were sold improperly by 1,447 post office workers. An in-house investigation conducted through Feb. 19 also found sales clerks committed a total of 1,761 violations of the law or ...
Government to get five more years to sell its shares in Japan Post and Tokyo Metro
The government plans to extend the deadline for selling shares in Japan Post Holdings Co. and Tokyo Metro Co. by five years from fiscal 2022, sources have said. Legislation is expected to be submitted to the ongoing ordinary session of the Diet to extend the ...
Japan Post Insurance misconduct may have hit 60,000 more customers
Improper sales practices for Japan Post Insurance Co. products may have disadvantaged 60,000 more customers than previously known, sources have said. In August, the Japan Post Holdings Co. group started to investigate 183,000 Kampo-brand insurance contracts involving 156,000 customers who had possibly been affected by ...
Japanese postman failed to deliver — 24,000 times, police say
A 61-year-old postman failed to deliver thousands of postal items that he kept at his home instead, police said Thursday. About 24,000 undelivered items were found in the man's home in Sagamihara, Kanagawa Prefecture, said the police, who sent his case to prosecutors. "It was too ...
Japan Post delivery crews to go green by adopting electric scooters from Honda
Japan Post Co. said Friday it will introduce electric scooters made by Honda Motor Co. for delivery and other services with the aim of reducing the burden it places on the environment. Japan Post plans to deploy 200 of the e-scooters by the end of ...
New Japan Post chief vows to probe leak from ministry on insurance scandal
Hiroya Masuda, the new president at Japan Post Holdings Co., vowed Thursday to investigate a leak to the group of information about administrative punishments that were under consideration in relation to its improper sales of insurance products. "We're preparing to open investigations," Masuda said at ...
New Japan Post chief vows to regain trust as ex-bureaucrats take reins after scandal
New Japan Post Holdings Co. President Hiroya Masuda pledged Monday to regain the public's trust in the former state-owned postal group now being rocked by scandal. "We are facing the biggest crisis since the foundation (of the postal group)," Masuda, 68, told executives of the ...
Execs quit as Japan Post units ordered to halt insurance sales for three months
Japan Post Holdings CEO Masatsugu Nagato, Japan Post Insurance President Mitsuhiko Uehira and Japan Post President Kunio Yokoyama are all resigning over the scandal.
Former minister Hiroya Masuda to lead Japan Post after insurance scandal
Hiroya Masuda, a former minister of internal affairs and communications, will replace Masatsugu Nagato as president of Japan Post Holdings Co., effective early next year, a source familiar with the plan said Thursday. Nagato, head of the former state-owned postal services group, Japan Post Insurance ...
Three Japan Post Group leaders expected to resign over insurance sales scandal
Japan Post Holdings is expected to convene a meeting to discuss the resignations and successor candidates Friday. Former internal affairs minister Hiroya Masuda may replace Masatsugu Nagato as president.
