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Japanese Bank Mizuho to Let Employees Work Shorter Weeks

  • Japanese bank is discussing the measures with labor unions
  • Mizuho plans to trim office space in New York and London
Tatsufumi Sakai
Tatsufumi SakaiPhotographer: Keith Bedford/Bloomberg

Mizuho Financial Group Inc. plans to allow staff to work three or four days a week on reduced pay, as the Japanese bank assesses what post-pandemic working life will look like.

Japan’s third-largest lender is in talks with labor unions over the shorter working week that could be introduced from December, said a spokeswoman for the bank, confirming comments made by Chief Executive Officer Tatsufumi Sakai at an event on Tuesday.