With BMW announcing the launch of its program to re-engage thousands of former staff members (c.f. article No. 11000), Bosch has just initiated in Japan its 8th national ‘support’ group comprising retirees who participate in a consultancy role. Thyssen-Krupp, Daimler, Otto-Gruppe and ZF are also involved in similar ventures, which for the most part result in outsourcing activities. Many advantages stem from having these ‘veterans’ working once again among the regular staff, ranging from augmented dynamism to stronger social cohesion.
The return of the retiree. Bringing willing and able retirees back to work on a reduced basis along with their corporate culture and prized know-how is not a new idea for Germany, but the concept is increasingly gaining in popularity to the extent that it is now an established trend in the nation’s society. The ‘Golden Age Index’, which consultancy firm PwC drew up for Germany, showed that over the period 2013-2016 there was a sharp rise in the number of older workers in employment, with the percentage of those in 55-64 age cohort in active employment rising from 39% in 2003 to 69% in 2016.
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