7/19/2022
Murata Manufacturing Co., Ltd.
President: Norio Nakajima
Murata Manufacturing Co., Ltd. (hereinafter, “Murata”) and its major affiliates in Japan will raise the retirement age from the current 60 to 65 effective April 1, 2024, in order to maximize employee contribution.
Aim
– Aiming for Individuals and Organizations to be Innovators by Having a Diverse Workforce –
Having a diverse workforce, with each member having his or her own unique strengths, is the source of Murata’s ability to flexibly respond to rapid changes in the environment and to continue to generate innovation. For this reason, we respect not only differences in attributes, but also the invisible diversity of our employees in terms of abilities, knowledge, and experience.
In order for Murata to continue creating value for society as an Innovator in Electronics, we must invest in continuously improving the value of our human capital, the source of innovation. As part of this effort, Murata will introduce a system of retirement at age 65 to provide an environment where employees can work with peace of mind until the age of 65.
In conjunction with the introduction of retirement at 65, we will also introduce an optional retirement age system that allows employees to choose to retire at any age between 60 and 64, so that each employee can choose his or her own career path with more autonomy.
Murata will continue to be an innovator in solving social issues by ensuring that all employees can work with peace of mind and collaborate while respecting diversity.
Concept
By providing an environment in which senior employees with a wealth of experience can work with peace of mind until the age of 65, Murata aims to:
• Have employees continue to play active roles and contribute to the company by making the most of the abilities and knowledge they have gained through their experience;
• Encourage employees to gain additional knowledge and abilities and to put them to use by responding to changes and being willing to take on the challenges of new areas and tasks; and
• Urge each employee to consider his or her career with an eye to life after age 65, and to choose how to work after age 60.
Overview of the system of retirement at age 65
(1) Raise the retirement age from 60 to 65.
(2) Continue to apply the wage system in effect until age 59 after age 60, while reflecting the degree of contribution and role played in compensation.
(3) The retirement allowance system will continue after the age of the current system until the age of 65 at a level to be determined separately.
(4) Introduce an optional retirement age system that allows employees to choose to retire when they reach 60–64 years of age.
(5) Raise the compensation level of current rehired temporary senior employees.
Murata in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world.
For more information, visit Murata's website