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ANA to slash summer bonuses 50% as passenger traffic dwindles

Japan's largest airline expects to save $65m through the move

ANA employees will see about a 5% cut in compensation due to the move.    © Reuters

TOKYO -- All Nippon Airways will cut summer bonuses for rank-and-file employees by 50% in 2020 to cope with plummeting air traffic, it was learned Friday.

Japan's largest carrier recently presented the plan to the company's labor union. Other companies in the group also plan to the slash payments, a move that is expected to save the entire group 7 billion yen ($65 million). As the coronavirus pandemic depresses demand for air travel, the carrier aims to reduce labor costs.

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