8/5/2021, 11:27 AM (Source: TeleTrader)
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Over 2,000 Honda workers apply for early retirement - report

More than 2,000 employees of Japan's Honda Motor Co. Ltd. filed for early retirement, as the company looks to "restructure its workforce" and facilitate electric vehicle production, Nikkei reported on Thursday.

The figure represents 5% of the automaker's staff in Japan, the outlet estimated, explaining that the package, offered to workers aged between 55 and 63, includes up to "three years' wages on top of retirement pay."

The company initially forecasted that approximately 1,000 of its employees will apply for the package.

Baha Breaking News (BBN) / BU