Sign in to follow this  
Followers 0
Guest Josh

Fuji Heavy Plans Job Cuts to Save Costs

4 posts in this topic

TOKYO Nov 8, 2005 — Fuji Heavy, the Japanese maker of Subaru cars that recently ended its alliance with General Motors, said Tuesday it plans to cut up to 700 jobs to boost flagging profits.

The job cuts, planned for this year, comprise 5 percent of Fuji Heavy Industries Ltd.'s 14,000-member work force, who are mostly in Japan. Fuji Heavy also has a plant in Lafayette, Ind., but Tuesday's job cuts won't apply to them, a company spokesman said on condition of anonymity.

The job cuts will be the first since the Tokyo-based manufacturer was founded in 1953, he said. The move will be achieved through voluntary retirement, and will save 7 billion yen ($59.5 million) in costs a year, according to the company.

More: http://abcnews.go.com/Business/wireStory?i...TC-RSSFeeds0312
0

Share this post


Link to post
Share on other sites
So Toyota has a stake in them for like 5 seconds, and they are already dumping 700 (out of 14,000) employees? Good thing (for the US employees) that it's only in Japan......for now.
0

Share this post


Link to post
Share on other sites
LMFAO. How many employees has GM cut during the past 2 years? Edited by sciguy_0504
0

Share this post


Link to post
Share on other sites
it says they will lay off 5% thorugh voluntary retirement. This means, all the old workers, sorry, early retirement.
0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Who's Online (See full list)

    There are no registered users currently online

  • Who's Chatting

    There are no users currently in the chat room