Mitsubishi to shut Australia factory
Japan's Mitsubishi Motors Corp said Tuesday it will close down its unprofitable factory in Australia, laying off 930 workers.
By Agencies |
TOKYO: Japan's Mitsubishi Motors Corp said Tuesday it will close down its unprofitable factory in Australia, laying off 930 workers.
The factory in the southern city of Adelaide will shut down at the end of March, a company statement said. The plant produces the 380 sedan but the firm said that consumers were not buying large cars.
"We see no path for a return to viable production levels of the 380 sedan or a commercial case for developing any replacement production," Mitsubishi Motors Australia chief executive Rob McEniry said in the statement.
The factory employs between 1,100 and 1,200 people, a Mitsubishi Motors spokesman said. The statement said that the closure will "directly affect" 930 employees who "will receive very favourable separation packages."
The factory in the southern city of Adelaide will shut down at the end of March, a company statement said. The plant produces the 380 sedan but the firm said that consumers were not buying large cars.
"We see no path for a return to viable production levels of the 380 sedan or a commercial case for developing any replacement production," Mitsubishi Motors Australia chief executive Rob McEniry said in the statement.
The factory employs between 1,100 and 1,200 people, a Mitsubishi Motors spokesman said. The statement said that the closure will "directly affect" 930 employees who "will receive very favourable separation packages."
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