28 Nov
Mitsubishi Motors Cutting 1100 Jobs
Posted in Business News, Career, Jobs and Careers by Damien 1 Comment
Don’t look now but even Japan-based car manufacturer is considering job cuts in thousands to remain competitive. With sales significantly declining for Mitsubishi Motors, the best they can do is follow the footsteps of big three car manufacturers in the U.S. in slashing jobs for workers to remain existent.
Is this permanent? As far as the car manufacturers are concerned, it can be tagged as temporary. But a lot of it would rely on how the economic outlook would fluctuate. It is no secret that these companies are not resorting to such job cuts because they want to. The recession factor is sinking in fast and unless something vital or positive hits the world economies today, a lot of workers will have no choice but to hope and pray for the best.
Mitsubishi Motors Corp. said Thursday it would cut 1,100 jobs, laying off one third of its temporary workers in Japan, as it reduces production to cope with sagging sales.
[tags]mitsubishi_motors_corp, world_economies, car_manufacturer, economic_outlook, recession, slashing_jobs, mitsubishi, japan, job_cuts[/tags]
Shazia
on February 1 2009
This is a great post. I’m glad it was bumped. Otherwise I would’ve missed these very useful information.