Japan Post Service Co, a mail-delivery unit of the Japan Post group, will suspend recruitment of new graduates for fiscal 2012 due to poor business performance. The suspension of recruitment for all job categories will affect students who will graduate between April 2011 and March 2012 as the unit expects a net loss of 54 billion yen in fiscal 2010 ending in March due to decreasing mail and delays in its Yu-Pack parcel delivery.
The suspension will be for the first time since the 10-year privatization process for the state-run postal system started in 2007. For fiscal 2011, the unit plans to employ 1,250 people for all job categories. Japan Post Holding Co and its three other units—Japan Post Network Co, Japan Post Bank Co and Japan Post Insurance Co—will also recruit new graduates as planned for fiscal 2011.
Japan Post to suspend recruitment of new graduates for FY 2012 › Japan Today: Japan News and Discussion
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