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1 March, 2001The major shareholder of the Japanese car maker is DaimlerChrysler.
JAPAN: Following DaimlerChrysler's January 29 announcement of an extensive restructuring plan for its Chrysler Group in the Americas, with 26,000 job cuts and the closure of six plants, a major restructuring plan for the Japanese car firm Mitsubishi Motors has now been made public. Mitsubishi, whose largest shareholder is DaimlerChrysler, will slash approximately 9,500 jobs, or 14 per cent of its workforce, globally.
The plan will include the closure of one of Mitsubishi's four car assembly plants and a decrease of 20 per cent in the company's production capacity.
The plan will include the closure of one of Mitsubishi's four car assembly plants and a decrease of 20 per cent in the company's production capacity.