Business
Mitsubishi Motors to cut 500-600 jobs to reduce costs-sources – CNA
Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.
TOKYO: Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday.
The auto company is expected to post a net loss of 360 billion yen in the financial year to March 2021, hurt by a plunge in sales due in part to the coronavirus pandemic.
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Mitsubishi has already embarked on a plan to cut 20per cent of fixed costs in two y…
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