In an effort to better align its North American operations with sagging demand, Mitsubishi confirmed on Friday the elimination of 140 U.S. jobs. The majority of the job cuts came from the company’s Cypress, California headquarters, leaving only 390 employees at that location.
Of the 140 jobs cuts, 130 came from Mitsubishi’s North American headquarters. The cut represents 25 percent of the headquarters’ employees. The eliminations came from Mitsubishi’s sales and credit departments.
In a letter to Automotive News, Mitsubishi explained the cuts are to “ensure longevity in this challenging market. These actions will realign its infrastructure to correspond to a much smaller U.S. automotive market.”
Mitsubishi’s U.S. sales fell by 24.6 percent last year, ahead of the industry average of 18 percent in the red. Mitsubishi closed its California design studio earlier this month.
