mazda layoffs

Mazda sales are up 22 percent this year, but the company's American operation is enduring acute pain. It is in the midst of a complete, five-month reorganization while trying to raise funds and shrink its workforce. In March, Mazda announced its intention to offer voluntary buyouts to its U.S. ...

Foreign automakers Mazda and Hyundai are trimming their ranks of workers in the United States. Mazda saw its sales decline by over 10% in 2008 and the new year is shaping up to be significantly worse as the Japanese automaker posted a sales decline of 27.3% in January compared to the previous year. ...