Mitsubishi Motors to cut 500-600 jobs to reduce costs: Sources
TOKYO: Mitsubishi Motors Corp 7211.T will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter told Reuters on Saturday. The auto company is expected to post a net loss of 360 billion yen in the financial year to March 2021, […]
Nearly 2 lakh jobs cut in last 3 months across automobile dealerships: FADA
NEW DELHI: Around two lakh jobs have been cut across automobile dealerships in India in the last three months as vehicle retailers take the last resort of cutting manpower to tide over the impact of the unprecedented sales slump, according to industry body FADA. With no immediate signs of recovery, the Federation of Automobile Dealers […]