Shiseido to offer early retirement to around 1,500 employees

The retirement date is on 30 September 2024.

Shiseido launched its early retirement incentive plan as part of the “Mirai Shift NIPPON 2025” business strategy which aims to “achieve sustainable growth” and improve profitability.

In a statement, Shiseido said the early retirement offering will cover around 1,500 employees in Shiseido Japan which includes special additional benefits based on retirement age on top of the regular retirement allowance, and reemployment support if they wish to.

Shiseido said the application period runs from 17 April to 8 May.

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“After Covid-19 and with the Japanese economy starting to recover, there has been an increase in opportunities to examine new career options, while reconsidering factors such as working styles and life plans,” the company said.

“Amidst that background, Shiseido Japan will implement significant reforms, which will support those employees exploring alternative opportunities beyond the company,” it added.

The Mirai Shift NIPPON 2025 is anchored on three pillars which are sustainable growth, building a profitable foundation, and human capital transformation.

Under the Building a Profitable pillar, the company aims to optimise its efficiency and expects to cut around $166.7m (JPY25b) in the next two years in terms of cost of goods sold, marketing investments and other expenses.

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