2nd straight quar­ter of losses for Yam­ato

New Straits Times - - Business / World -

Yam­ato Hold­ings Co, Japan’s big­gest par­cel de­liv­ery firm, booked a sec­ond straight quar­ter of losses due in part to hefty pay­ments for un­paid over­time — a quandary that has un­der­scored the chal­lenges of a deep­en­ing labour short­age faced by cor­po­rate Japan. An in­ter­nal probe had re­vealed that thou­sands of its de­liv­ery drivers had not been paid over­time — as the firm strug­gled to meet a surge in de­mand on growth in e-com­merce while the avail­able pool of work­ers shrinks.

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