Yamaha closing factories
Written by CMG Staff on Friday, February 12th, 2010
Yamaha in Japan has announced that it will close seven factories around the world and lay off 1,000 more people.
The company suffered a loss of $2.4 billion U.S. last year.
A Yamaha spokesman said the company is already in the process of cutting 10 per cent of its worldwide workforce, about 17,000 people, and this latest cut will be in addition to that, according to the Singapore Straits Times newspaper.
Five Japanese factories will be closed by 2012, and one Italian motorcycle factory and one Florida plant that produces marine parts will also be closed.
