JAL President Haruka Nishimatsu said Wednesday the company is considering ways to make job cuts ahead of schedule and also reduce retirement benefits by 10 percent, according to Japanese daily Nikkei.
The company is looking to cut 4,300 jobs by the end of the year. Nishimatsu said at press conference that 3,500 job cuts had already been made.
A previously released plan had called for the reductions by 2009. With an early retirement plan for senior managers already underway since April, August will see a reduction of 700 junior managers.
In addition, he added that the company will also seek a 10 percent reduction in retirement benefits in upcoming labor negotiations.