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| PTI
Japan's Isuzu Motors to cut 1,400 jobs
2008-11-20 17:08:05
Last Updated: 2008-11-21 19:21:38
Last Updated: 2008-11-21 19:21:38
Tokyo: Isuzu Motors said on Thursday that it would cut 1,400 jobs and slash domestic production by 10 per cent, the latest in a slew of layoffs by Japanese automakers to cope with the financial crisis.
“With the way things are, we had no choice but to make adjustments,” said a spokeswoman for Japan's second-biggest truck maker.
The company will reduce its Japanese production for the year to March 2009 to 2,49,000 vehicles, down 28,000 from the original target, she said.
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Isuzu's announcement is the latest in a series of layoffs and production cuts by Japanese automakers and their foreign rivals as the worst financial crisis in decades drives down demand.
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