https://www.reuters.com/article/us-health-coronavirus-mitsubishimotors-idUSKCN26H07B

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FILE PHOTO: A man walks near Mitsubishi cars as he visits Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun. TOKYO (Reuters) - Mitsubishi Motors Corp will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday. The auto company is expected to post a net loss of 360 billion yen in the financial year to March 2021, hurt by a plunge in sales due in part to the coronavirus pandemic. Mitsubishi has already embarked on a plan to cut 20% of fixed costs in two years by shrinking its workforce and production and closing unprofitable dealerships. The compan... Full story

26 September

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