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Toyota to Cut Managers' Summer Bonuses

Toyota to Cut Managers' Summer Bonuses

   Nagoya, June 13 (Jiji Press)--Toyota Motor Corp. <7203> plans to cut summer bonuses for some 9,800 workers in managerial positions by about 4-5 pct on average, an unusual move by a financially strong company, informed sources said Thursday.
   The bonus cut is intended to have managerial workers share a sense of urgency to respond to increasing competition in new technologies including automated driving, the sources said.

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