Japan Post Union to Discuss Pay Concerns after Scandal

Economy Politics

Kumamoto, Aug. 21 (Jiji Press)--The labor union of the Japan Post group opened a two-day national convention in the southwestern city of Kumamoto on Wednesday to address concerns about falling pay in the wake of a scandal over its inappropriate insurance sales.

The meeting of the Japan Postal Group Union comes as Japan Post Co. and Japan Post Insurance Co. <7181>, both units of Japan Post Holdings Co. <6178>, have been suspending sales of insurance products due to the scandal.

The move by the two companies has raised concerns over a possible drop in income among sales employees, as their salaries partly depend on their performance.

The two companies plan to make up part of the salaries of affected workers. The union will hear opinions from members before entering talks with management.

Masatsugu Nagato, president and chief executive officer of Japan Post Holdings, who attended the meeting as a guest, apologized for the scandal.

[Copyright The Jiji Press, Ltd.]

Jiji Press