Airline ANA Holdings to slash jobs and sell aeroplanes
Japanese company expects full-year loss of about ¥530bn as it struggles to recover from pandemic
25 October 2020 - 18:10
ANA Holdings will cut about 3,500 jobs by financial year 2022, and will seek to temporarily transfer employees to Toyota Motor Corporation and other automakers, Tokyo newspaper Yomiuri reported, without saying where it got the information.
The Japanese company will announce a business plan on October 27 that includes the cutbacks and a halt to hiring to slash labour costs, which account for about 30% of the company’s fixed expenses, the newspaper reported...
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