Mitsubishi seeks voluntary retirement for 600 employees

Mitsubishi Motors will push 500-600 employees in mostly management positions in Japan to seek voluntary retirement from mid-November, in an effort to cut costs. “Mitsubishi has already embarked on a plan to cut 20% of fixed costs in two years by shrinking its workforce and production and closing unprofitable dealerships,” said Reuters. The company will solicit voluntary retirement from employees aged 45 years and over at its Japanese headquarters and other sites in the country. (Source: Reuters) Read the original article…

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