Construction Industry Overtime Work Cap Regulations and Labor Management Risks
First written in FY2023. 1 of 3 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2023: 1 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2024-Q2ReframedAnnual report
「The overtime cap regulations for the construction industry came into effect in April 2024, and overtime hours are trending lower. However, proactive sales activities, including negotiations over contract rates, have been successful, increasing staffing rates and contributing to results.」
The company states that the overtime cap regulations for the construction industry have moved from a planned future application to being in effect, and that overtime hours are trending lower. - FY2024-Q1RestatedAnnual report
「The company has taken steps ahead of the overtime cap regulations under the amended Labor Standards Act, which will apply to the construction industry from April 2024, and overtime hours are trending lower.」
The company continues to state that overtime cap regulations will apply to the construction industry from April 2024. - FY2023First statedAnnual report
「Although the application of strengthened overtime limits to the construction industry was deferred, the regulations will apply from April 2024.」
The company states that overtime cap regulations will apply to the construction industry from April 2024 and that legal violations or disputes with dispatched employees could affect operations.