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    Mazda Begins Shrinking its U.S. Workforce


    William Maley

    Editor/Reporter - CheersandGears.com

    March 12, 2012

    Mazda will be shrinking its U.S. workforce as a way to stay afloat financially.

    Mazda is "in the midst of an extremely challenging business environment. It has become necessary for us to reexamine our business to accelerate further cost improvement," said Jim O'Sullivan, CEO of Mazda North American Operations in a memo sent to employees.

    The plan, slated to start this month and last for five months will begin with the company offering voluntary buyouts to employees. Then, Mazda will layoff employees who didn't take part in the buyouts and then begin a restructuring process.

    Source: Automotive News (Subscription Required)

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    WOW, We'll I know some will feel they are getting the screws put to them, but in reality for a company to survive, they have to stop the bleeding.

    Wishing my best to the workers who will need to either move for the same type of job or retrain to get skills for a new type of job.

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    The march towards insolvency beats on. Soon, reviews will start pointing out "cheapness" in Mazdas that has always been there but assign blame to "Mazda's current financial difficulties"... and the press will thus march Mazda right to the hangman's noose in their own quest for readership.

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