• Kyodo

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All Nippon Airways Co. is seeking to cut monthly wages and other benefits by 5% starting January at the latest, as part of sweeping cost-cutting measures to cope with the coronavirus pandemic that has reduced demand for air travel, sources familiar with the plan said Tuesday.

With about 15,000 employees, the major airline will also start offering early retirement at the end of next March by increasing severance pay from Oct. 14. The program will target flight attendants ages 30 and older as well as ground staff ages 40 and older, according to the sources.

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