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Japan’s ANA to Unveil Restructuring Plan as Losses Mount

  • Carrier to temporarily send employees to other companies
  • Plans to slash 3,500 jobs by fiscal year 2022, says Yomiuri
All Nippon Airways Co. (ANA) aircraft on the tarmac at Haneda Airport in Tokyo.
All Nippon Airways Co. (ANA) aircraft on the tarmac at Haneda Airport in Tokyo.Photographer: Noriko Hayashi/Bloomberg
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ANA Holdings Inc. plans to temporarily transfer workers to other companies as the Japanese airline faces billions of dollars in losses, forcing it to come up with restructuring measures to survive the plunge in air travel from the coronavirus pandemic.

The carrier will cut about 3,500 jobs by the fiscal year ending 2022 and will seek to temporarily transfer employees to Toyota Motor Corp. and other Japanese automakers, the Yomiuri newspaper reported over the weekend. An ANA spokesman confirmed that employees will be dispatched, without providing further details.