Mazda has seen its U.S. sales increase of late, April of this year being is best since 2008 and sales thus far in 2012 up 21.5 percent. Still, the automaker must press on with slimming its organization.
It’s an international problem for Mazda, which is reworking its global structure in response to significant losses. In the U.S., the automaker tendered buyouts to its 701 employees and 107 of those have accepted the offer. This would include a lump-sum amount, separation pay and help in finding a new job. The departures would take place on July 2.
If that number doesn’t cut enough from Mazda’s operating budget, the company will have to proceed with involuntary layoffs, though whether that will happen won’t be certain until after the company finishes the reorganization of its U.S. operations.
During its most recent fiscal year, which ended on March 31, Mazda in North America had an operating loss of $505 million at the current dollar-yen exchange rate…a rate with the strong yen is one of problems for all Japanese car companies who import significant production from Japan.
Quoted in Automotive News, Mazda CEO Takashi Yamanouchi has called the company’s global restructuring a, “spectacular structural transformation encompassing r&d, production, sourcing, sales and all other business areas, for the first time in its 90-year history.”
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