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Automobiles

Honda taps buyouts for workers over 55 in shift to tech-savvy talent

Early retirement program expected to last beyond two years

Honda is adapting to an industry increasingly reliant on cutting-edge technologies and software. (Photo courtesy of the company)

TOKYO -- Honda Motor will offer early retirement packages for the next few years, looking to make room for younger engineers skilled in electric cars and software as the automobile industry transforms rapidly.

The incentive program debuts in April, targeting employees ages 55-63 during its first year. Eligibility in the program's second year and onward will cover those younger than 59.

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