Report: Mazda to axe 25% of jobs in U.S. and Europe

Filed under: Europe, Hirings/Firings/Layoffs, Earnings/Financials

Automotive News Europe reports that struggling Japanese automaker Mazda is set to cut a total of 250 jobs in the U.S. and Europe. The cuts, originally reported by Japan's Nikkei, come as part of new reorganization efforts and represent 25 percent of the company's staff in both markets. Mazda has registered losses for the past four years due in part to slow sales and a stronger yen. As a result, the company is looking to tighten its belt around the world.

Mazda will slim its workforce to under 200 workers at a subsidiary in Germany, while the manufacturer's sales staff in California and Michigan will fall to around 550 employees. The news comes on the heels of a buyout last month that saw 107 U.S. employees leave voluntarily. Currently, Mazda has no plans to cut its Japanese workforce, though some reorganization may take place on the home front in the coming months. Those efforts are largely expected to consist of moving workers from satellite offices in Tokyo and Osaka to the home base in Hiroshima.

Mazda to axe 25% of jobs in U.S. and Europe originally appeared on Autoblog on Fri, 01 Jun 2012 16:58:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2012/06/01/mazda-to-axe-25-of-jobs-in-u-s-and-europe/

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