Mitsubishi Motors Corp (MMC)

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Japan, United States, Australia, other locations
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
7,000 - 7,600 jobs
Number of planned job losses
Job loss
Announcement Date
21 April 2004
Employment effect (start)
Foreseen end date
31 December 2007

Description

Mitsubishi Motors Corp. (MMC) foresees the suppression of 4,500 jobs worldwide, i.e. 10% of its workforce. 1,000 redundancies would take place in Japan, while the rest would hit Europe, the United States and Australia. After the move, MMC would count 40,000 employees, which is 45% of what it counted in 2000. On 21 May 2004, company management announced the job cuts would amount to 7,000 (7,600 according to some sources) worldwide, before end 2007.

Sources

  • 21 May 2004: Le Monde
  • 21 April 2004: Les Echos
  • 23 July 2004: La Gaceta de los Negocios

Citation

Eurofound (2004), Mitsubishi Motors Corp (MMC), Internal restructuring in World, factsheet number 60311, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60311.