EMCC European Monitoring Centre on Change

Mitsubishi Motors Corp (MMC)

Company/Organisation:
Mitsubishi Motors Corp (MMC)

Geographic Location

Country: World
Location of affected unit(s): Japan, Europe, United States, Australia

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 44500
Group: Mitsubishi Motors Corp (MMC)

Employment Effects

Announcement Date: 21-04-2004
Planned Job Reductions min: 7000
Planned Job Reductions max: 7600
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2007

Additional Information

Mitsubishi Motors Corp. (MMC) foresees the suppression of 4,500 jobs worldwide, i.e. 10% of its workforce. 1,000 redundancies would take place in Japan, while the rest would hit Europe, the United States and Australia. After the move, MMC would count 40,000 employees, which is 45% of what it counted in 2000. On 21 May 2004, company management announced the job cuts would amount to 7,000 (7,600 according to some sources) worldwide, before end 2007.