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Mazda to Cut 250 Sales Jobs in Europe, U.S.
Mazda Motor Corp. plans to shed about 250 employees in Europe and the U.S as part of a broader plan to reverse four years of losses, The Nikkei reports.
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Mazda Motor Corp. plans to shed about 250 employees in Europe and the U.S as part of a broader plan to reverse four years of losses, The Nikkei reports.
The Japanese newspaper, which does not cite its sources, says the company will eliminate one-third of the nearly 300 jobs at its European sales headquarters in Germany. Mazda sales dropped 14% to about 183,000 vehicles in Europe in the fiscal year ended March 31.
The company will cut its sales staff in California and Michigan 20% to 550 employees. Mazda is streamlining operations there because the strong yen is hurting profits despite its North American sales gain of 9% to about 372,000 vehicles in the last fiscal year, according to The Nikkei.
The newspaper adds that the company doesn't plan to cut jobs in Japan but will consolidate its sales employees from Osaka and Tokyo into the staff at its headquarters in Hiroshima.
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