ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's ANA seeks voluntary layoffs and 30% pay cut

Rival JAL presses Tokyo to relax entry restrictions on low-risk countries

ANA jets at Tokyo's Haneda Airport: The proposed monthly pay cuts would be the first in 20 years to affect rank-and-file employees. (Photo by Akiyoshi Inoue)

TOKYO -- All Nippon Airways has proposed to lay off staff as it tries to cut costs in the face of the global travel slump, Nikkei learned on Wednesday.

The Japanese airline is in discussion with its labor union over details of a severance package. Management also seeks to reduce monthly pay for around 15,000 employees. The cuts are expected to lower annual compensation by about 30%

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more