ANA Holdings, Japan’s largest air operator, is planning to cut about 3,500 jobs in three years as it braces for its biggest-ever annual loss due to a plunge in demand driven by the coronavirus pandemic, Reuters reports. The job losses are part of ANA’s broader business restructuring plan as it scrambles to cut fixed costs in anticipation of a prolonged downturn in travel demand. ANA, which had a group workforce of 43,500 as of last year, plans to achieve the job cut target by the year ending in March 2023 through outplacement programmes and a hiring freeze. As short-term measures, ANA is considering temporarily dispatching some of its workforce to several other firms including Toyota Motor Corp and selling 30 of its wide-body aircraft. The pandemic has led to many airlines across the world to shed jobs as Covid-19 hits travel demand.