Mazda Plans U.S. Buyouts, Possible Job Cuts as Earnings Sink
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Mazda Motor Corp., Japan’s most unprofitable major carmaker, plans to offer buyouts to U.S. employees and may make mandatory job cuts as earnings are hit by exchange rate pressure.
Employees of Mazda’s U.S. unit in Irvine, California, will be notified next week of buyout options, said Jeremy Barnes, a spokesman for the company. Dismissals are possible as a next step if too few workers leave voluntarily, he said.