• Japan


will launch an early retirement program next month to cut 130 of the 880 jobs at its headquarters, its holding firm said Wednesday.

McDonald’s Holdings Co. (Japan) said 630 head-office employees age 40 or older are eligible for the program. The planned cut represents about 20 percent of such staff at the company.

The move is intended to streamline operations at the headquarters and reorganize the company’s structure to improve efficiency, company officials said.

Applications will be accepted from Oct. 17 to 31.

This will be the first time the Japan unit of giant U.S. fast-food chain McDonald’s Corp. has implemented an early retirement program.

McDonald’s Holdings said last month it incurred a group pretax loss of 537 million yen in the fiscal first half that ended June 30.

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