TOKYO—KDDI, the second-largest operator for both fixed-line and mobile services in Japan, on 14 December announced it will introduce a voluntary early retirement program targeting its employees between 44 and 58 years old, as part of its effort to improve its financial status.
KDDI will offer a special retirement allowance that will be up to 36 times their basic monthly salaries to its employees who retire before the end of February 2002.
In its mid-term business plan released last May, KDDI had said it would cut its work force by 2,000 during the next three years by natural decreases. However, because the firm reported poor financials for the first half of fiscal year 2001 from April to September, it decided to further reduce its employee numbers.
