Global Mazda sales, strong yen prompt layoffs in US Strong yen and low global export sales have hurt Mazda economically. As a result, a three-tiered Mazda layoffs plan reportedly will go into impact soon. Cost improvements to come Jim O’Sullivan, CEO of Mazda North American Operations, didn’t sugar coat the problems the car maker is facing in a March 7 corporate memo obtained by Automotive News. Mazda reportedly has 701 U.S. employees. According to O’Sullivan, Mazda is “in the midst of a very challenging business environment,” and that means “it has become necessary for us to re-examine our business to accelerate further cost improvements.” According to numerous sources, Mazda spokesman Jeremy Barnes corroborated O’Sullivan’s statement that the car maker is preparing to make cost improvements. Enormous loss for the year Financial difficulties at home have rippled across the ocean into Mazda’s U.S. operations. A recent financial disclosure from the automaker’s parent office noted that as the current fiscal year ends on March 31, Mazda expects to post a loss of 100 billion yen ($1.2 billion). Automotive News reports that this would be the automaker’s largest financial loss in 11 years. Analysts indicate that the reason for Mazda’s record slide is linked to a strong yen value, a financial stumbling block for such an export-dependent automaker. Still doing layoff Automobile sales in the U.S. are up 48 percent in the last 12 months for Mazda. Mazda North America also showed boost in the first three quarters of the fiscal year. Still, Mazda needs to make drastic change due to its bad financial situation. Mazda fires in phases Changes to Mazda USA’s cost structure will be completed in three distinct stages, according to the recently released corporate memorandum. They are as follows: 1. There will be some voluntary separation packages offered to employees. Employees have to apply by April 16, 2012 to get a chance of getting a package. The company will decide who qualifies for it by April 27. These packages will include a lump pay depending on how long the employee worked there, help finding a new job and separation pay. 2. Starting with May 16, 2012, certain Mazda employees will be entered into a redeployment system. This system is designed to “restructure the organization to reflect a smaller work
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force.� 3. Mazda will see who is left on May 29, 2012 and determine how many people need to be fired and the way many people can stay. Employees will be notified if they have to leave but will not get the same benefits that the voluntary employees will get. Workers will keep working until August 3. Are you trying to sell or purchase a pre-owned or used Spokane WA Dodge Ram? If this could be you, do yourself a favor and look into BJ auto. Have you tried article spinner :- risk-free trial For further details, Visit http://www.toyotaservicecoupons.info
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