A report in the Nihon Keizai newspaper that did not cite a source says Subaru is planning to cut 700 jobs, or 5 percent of its workforce, starting this month. The cuts would come in the form of a voluntary retirement program and save the company around $43.5 million per year. The Detroit News points out that though GM has already sold an 8.7 percent stake in Subaru's parent company, Fuji Heavy Industries, to Toyota, the General still owns an 11.4 percent stake that it plans to divest itself of in the near future.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X