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Mitsubishi Motors Corp. said Monday that 654 of its employees, more than its target of 550, will leave the automaker under an early retirement program as part of restructuring efforts to reduce personnel costs.

The struggling automaker, which is in a three-way alliance with Nissan Motor Co. and Renault SA, introduced the program last month for workers age 45 or over, including those in management posts, due to falling sales amid the coronavirus pandemic.

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