Orange County Business Journal

Mazda Buyouts Total 107 Workers

Wednesday, May 23, 2012

Irvine-based Mazda North American Operations said 107 workers have volunteered for a buyout-package program offered to the automaker’s employees earlier this year.

The buyouts, effective July 2, include positions in sales, marketing, accounting, finance and human resources.

Mazda said in March it was offering employees buyout packages, as part of a three-phrase restructuring taking place this year that will also include organizational changes.

Mazda Chief Executive Jim O’Sullivan cited a “challenging business environment” earlier this year as the reason for the restructuring.

The company’s Japan-based parent Mazda Motor Corp. struggled with declining sales and a widened loss for the year ended March 31.

Mazda Motor reported a loss of $1.3 billion for the year. Sales fell 12.6% to $24.7 billion.

The North American business saw a loss of $489.9 million for the year. Sales fell 9.4% to $6.9 billion.

Mazda North American vehicle sales were up 22.7% through April to 103,529 vehicles.