Japan's Isuzu Motors to cut 1,400 jobs
Friday, 21 November 2008
TOKYO, Nov 20 (AFP): Isuzu Motors said today it would cut 1,400 jobs and slash domestic production by 10 per cent, the latest in a slew of layoffs by Japanese automakers to cope with the financial crisis.
"With the way things are, we had no choice but to make adjustments," said a spokeswoman for Japan's second-biggest truckmaker.
The company will reduce its Japanese production for the year to March 2009 to 249,000 vehicles, down 28,000 from the original target, she said.
Isuzu's announcement is the latest in a series of layoffs and production cuts by Japanese automakers and their foreign rivals as the worst financial crisis in decades drives down demand.
"With the way things are, we had no choice but to make adjustments," said a spokeswoman for Japan's second-biggest truckmaker.
The company will reduce its Japanese production for the year to March 2009 to 249,000 vehicles, down 28,000 from the original target, she said.
Isuzu's announcement is the latest in a series of layoffs and production cuts by Japanese automakers and their foreign rivals as the worst financial crisis in decades drives down demand.