Cars
The latest automaker in Europe to resort to laying off employees to cope with the difficult economic climate is Suzuki. The Japanese automaker said on Friday that it plans to slash more than 20 percent of its workforce in its Hungarian unit near Budapest –1,179 jobs out of a total workforce of 5,523. "We are facing a drastic drop in orders and needed to adjust our production schedule as a result," spokeswoman Viktoria Ruska told Reuters. Suzuki, which is one Hungary's biggest exporters, has rediced its production forecast for 2008 from 300,000 units a year earlier to 282,000.
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Cars
Suzuki to Slash More Than 20% of its Workforce in Hungary
The latest automaker in Europe to resort to laying off employees to cope with the difficult economic climate is Suzuki. The Japanese automaker said on Friday that it plans to slash more than 20 percent of its workforce in its Hungarian unit near Budapest –1,179 jobs out of a total workforce of 5,523. "We are facing a drastic drop in orders and needed to adjust our production schedule as a result," spokeswoman Viktoria Ruska told Reuters. Suzuki, which is one Hungary's biggest exporters, has rediced its production forecast for 2008 from 300,000 units a year earlier to 282,000.Next year's target is even lower as Ruska said that the company expects to produce around 210,000 cars in 2009. The job cuts will take effect on December 8 and are expected to be completed by February 2009.
Via: Reuters
- Saab To Cut Workforce After Poor Sales Forecast
Sweden-based Saab Automobile plans to reduce its workforce by 200 employees or about one-eighth of its current staff, according to report from Reuters citing a union official. Hakan Skott, a union representative at Saab, told the news site that the move...
- 2011 Suzuki Swift Spied Uncovered On Car Hauler!
A keen-eyed driver in Hungary managed to spot the next-generation of the Suzuki Swift without a single trace of camouflage on a vehicle transporter. And if you're wondering how come in Hungary, that's because like today's model, the European...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Breaking News: Chrysler To Lay Off 25% Of Its Salaried Workforce Or 4,300 Jobs
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- Chrysler Planning An Extra 1,000 Job Cuts After Sales Decline
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