Human Resource Management System Reforms at Matsushita |
ICMR HOME | Case Studies Collection Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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Excerpts Contd...The Early Retirement Plan
In July 2001, Nakamura announced an early retirement plan, which was open for all 80,000 employees working in the five major companies of the Matsushita group. The company started soliciting applications in September 2001. To qualify for the retirement plan, an employee had to be a labor union member, with ten or more years of continuous employment and had to be less than 58 years old...
The management at Matsushita maintained that early retirement was not compulsory and it was completely left to the will of employees... ExhibitsExhibit I: Matsushita's Five Year Financial Summary |
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