Nissan to seek early retirement applicants from office staff in Japan

Nissan Motor Co. will solicit early retirement applications from administrative staff in Japan this summer, a source close to the matter said Sunday, launching such a program for the first time in 18 years as the struggling automaker aims to turn its business around.The early retirement packages, to be offered in July and August, will target those in sales and accounting, while employees working in the development and production sections will be excluded, according to the source.The program, covering workers aged 45 to 64, is part of the Yokohama-based automaker's plan to cut around 20,000 …READ FULL ARTICLE