permanent employment; lifetime employment
Refers to the traditional Japanese employment system where employees are hired until retirement, often associated with large corporations.
In Japan, permanent employment is no longer as common as it used to be.
終身雇用 is a near-synonym also meaning lifetime employment, but 永久雇用 emphasizes the permanence of the employment contract itself, while 終身雇用 focuses on employment lasting one's entire working life.
Compound of 永久 (eternal, permanent) and 雇用 (employment).