Japan's biggest retail group Seven & I Holdings Co Ltd said it is replacing...
FILE PHOTO: A pedestrian walks in front of a signage of Seven & I Holdings' 7-Eleven convenience store in Tokyo, Japan, April 7, 2016. REUTERS/Yuya Shino/File Photo
Seven-Eleven Japan Vice President Fumihiko Nagamatsu will replace President Kazuki Furuya, the company said on Thursday. The company’s franchise system has helped buffer the impact of Japan’s tightest labor market in 40 years, as store owners are on the hook to pay wages after handing over royalty fees.
Faced with criticism from store owners and recent calls for change by politicians, the company recently began testing shorter hours at 10 of its more than 20,700 stores.
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