Sumitomo Mitsui to Unify Career-Track, Clerical Positions

Economy

Tokyo, March 4 (Jiji Press)--Sumitomo Mitsui Banking Corp. plans to integrate its career-track work positions and clerical positions, which are mainly for administrative duties at branch offices, sources in the bank said Monday.

The core unit of Sumitomo Mitsui Financial Group Inc. <8316>, will seek talks with its labor union on the plan, aiming to put it into action in January 2020, according to the sources.

This will mark the first move among Japan's three megabank groups to unify career-track and general clerical positions. The other two groups are Mitsubishi UFJ Financial Group Inc. <8306> and Mizuho Financial Group Inc. <8411>.

In the spring 2020 recruitment season, Sumitomo Mitsui Banking plans to hire new graduates only for career-track jobs, the sources said. In spring this year, it will employ nearly 100 graduates for general administrative positions, according to the sources.

Sumitomo Mitsui Banking is reducing administrative workload by automating operations. Meanwhile, workers at branches are increasingly involved in various duties, such as over-the-counter sales of investment trust funds.

[Copyright The Jiji Press, Ltd.]

Jiji Press