• Kyodo

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Mitsubishi Motors Corp. is considering seeking the early retirement of 500 to 600 workers starting in mid-November as part of the automaker’s restructuring plan due to a sales slump amid the coronavirus pandemic, sources close to the matter said Friday.

Under its midterm business plan revealed in July, Mitsubishi Motors aims to reduce labor costs as part of efforts to cut overall costs by more than 20 percent so as to improve its financial standing.

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