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Wyrdness said:

It actually is a rights issue as if I did the same with any of the team I'm in charge of at my work place and began humiliating them I can actually be done by the law for forms of harassment and bullying, an announcement over the speakers can be classed as excessive no matter what you say as not everyone wants such issues out in the open and under law they have a right to keep it that way. It's not as minor an issue as you make it seem as if someone takes legal action the are suddenly an entire building of people who can confirm the allegations, the law doesn't care about you saying "But it happens here or there..." they only focus on the issue in front of them.

This is why such issues as lateness and such are done in a 1 to 1 calling to individual to speak with them privately or issue them a private notice.

But this report doesn't say anything about speakers or humiliation. It says the names are "announced." Could be in a memo. Could be posted on a bulletin board. Could simply be mentioned off-hand at general meetings. There's no indication here that some kind of dramatic "humiliation" takes place, only that their names are mentioned.

It's a little weird. It might be uncomfortable. But it doesn't make Konami some kind of super-evil megacorp, and it is easily avoided by being on time. Any company would be well within their rights to enact more severe punishment than a little embarrassment upon a tardy employee.