Mazda and Hyundai trim North American workforces
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Vehicle: Hyundai
Mazda and Hyundai trim North American workforces
Filed under: Hirings/Firings/Layoffs, Hyundai, Mazda
Foreign automakers Mazda and Hyundai are trimming their ranks of workers in the United States. Mazda saw its sales decline by over 10% in 2008 and the new year is shaping up to be significantly worse as the Japanese automaker posted a sales decline of 27.3% in January compared to the previous year. In response, roughly 110 Mazda employees were laid off this month from a total of about 800 employees.
Unlike Mazda, Hyundai was one of the few automakers to actually record a sales increase last year and again posted positive numbers in January 2009. Regardless, the Korean automaker has also trimmed its ranks in the U.S. by about 46 employees, suggesting that Hyundai forecasts tough roads ahead, as well. Most of the employees being let go by both automakers come from their sales and marketing departments.
[Source: Automotive News (Mazda) (Hyundai) - sub. req'd]Mazda and Hyundai trim North American workforces originally appeared on Autoblog on Mon, 23 Feb 2009 08:31:00 EST. Please see our terms for use of feeds.
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Foreign automakers Mazda and Hyundai are trimming their ranks of workers in the United States. Mazda saw its sales decline by over 10% in 2008 and the new year is shaping up to be significantly worse as the Japanese automaker posted a sales decline of 27.3% in January compared to the previous year. In response, roughly 110 Mazda employees were laid off this month from a total of about 800 employees.
Unlike Mazda, Hyundai was one of the few automakers to actually record a sales increase last year and again posted positive numbers in January 2009. Regardless, the Korean automaker has also trimmed its ranks in the U.S. by about 46 employees, suggesting that Hyundai forecasts tough roads ahead, as well. Most of the employees being let go by both automakers come from their sales and marketing departments.
[Source: Automotive News (Mazda) (Hyundai) - sub. req'd]Mazda and Hyundai trim North American workforces originally appeared on Autoblog on Mon, 23 Feb 2009 08:31:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
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