Tag: Japan

Japan Post said Friday it has punished 34 of its officials for causing a 2.7 billion yen loss with an unfair bulk mail service deal at the Nagaoka post office in Niigata Prefecture. In addition to the punishments, including salary cuts and admonitory warnings, Japan Post plans to file damages suits against some of the officials and a direct mail agency involved in the deal. The Nagaoka office had collected only 2.6 billion yen of 5.3 billion yen in postage for 120 million pieces of mail from the Tokyo-based direct mail agency during the 19 months between June 2002 and December 2003, Japan Post said. The office gave preferential treatment to the agency in violation of internal regulations for accepting such mail under the separate postage payment system.

Japan Post Corp. came up with a draft postal system privatization plan Tuesday calling for increasing the number of employees in defiance of the rationalization as a key goal of the privatization starting in October 2007. Under the draft plan, credit card business and sales of products offered by private insurers are among the new businesses envisaged after privatization.
Japan Post Corp., created in January to prepare for the privatization of Japan Post, a public corporation in charge of postal services, will become a holding company on Oct. 1 next year. At that time, the public corporation will be split into four units to be placed under the holding firm. Under the draft plan, the number of employees for Japan Post Corp. and its four units is projected at 263,500, some 6,000 more than the present number of employees for the postal system. The projected total consists of 133,000 for a post office network company, 109,000 for a mail service firm, 12,000 for a postal savings bank, 5,500 for an insurance company and 4,000 for Japan Post Corp.