Financial, distribution experts eyed ahead of Japanese postal privatization
Japan Post Corp. will recruit private-sector experts in financial and international parcel delivery services before the privatization of Japan’s state-run postal services begins in 2007, company officials said Sunday.
Securing such experts to compete with private-sector companies is a pressing task for the company, which mainly consists of officials from the public corporation Japan Post, they said.
Japan Post Corp., created last Monday by the public corporation as a new stock firm, will convert itself into a holding company in October 2007 to place four postal services companies under its wing.
Three of the four will be in charge of postal delivery, savings and insurance services, and the remainder will manage the nationwide network of post offices.
Most of Japan Post Corp.’s 45 employees are from the public corporation, with their status changing from that of public employee to private-sector official. Japan Post Corp. plans to eventually boost the number of its workers to 100.
As part of its efforts to secure experts in financial and international parcel delivery services, the new company will publicly applicants on its Internet homepage, the officials said.
Given the banking industry is opposing the expansion of postal savings services, however, bank official may be reluctant to respond to such job offers.
As a result, Japan Post Corp. may ask three mega bank groups –Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. — to lease employees, the officials said.
