Panasonic, the electronics giant, is set to open early retirement applications in October. This move forms part of the company's restructuring efforts to maintain its competitive edge and balance amidst changing market conditions. Specifics regarding the number of employees to be affected and the terms of the arrangement are yet to be disclosed.

In Japan, early retirement solicitation campaigns are not uncommon in large corporations. Many Japanese companies offer incentives to encourage senior employees to retire early. This practice helps balance their workforce, brings new energy and ideas to the company, and often serves as a strategy to offset economic strains.

In the US and EU, early retirements are often incentivized during periods of economic downturn, company restructuring, or mergers and acquisitions. The strategy, just like in Japan, helps offset costs, brings in new or specialized talent, and prioritizes workforce balance.