Yamaha Motor Company quadruples full-year loss forecast

Yamaha Motor Company quadruples full-year loss forecast

Surplus of workers due to economic downturn, says company spokeswoman
Posted: 20 August 2009
by Visordown News
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YAMAHA MOTOR COMPANY has recently quadrupled its forecast for a full-year loss due to the increasing effects of the global economic downturn, reports financial experts Bloomberg.

The company, the world’s second-largest motorcycle maker, has a surplus work force of over 1,700 staff in Japan, Europe and the USA due to a drop in demand in the motorcycle market, a company spokeswoman said.

Yamaha is in talks to send employees to Nissan car plant in October to work for six months.

“We have surplus workers as a result of production-cuts, but we want to maintain the employment with the workers rather than slash them,” Satoko Ogawa, a Yamaha Motor spokeswoman, told Bloomberg.

The company had 48,933 workers as of March 31, according to data compiled by Bloomberg.

Things dont sound good. Pretty cool trying to save their peoples jobs though.

One big reason they are having losses is they aren't coming out with anything. The market has been demanding them to come up with something to compete with the Rzr and they haven't done it. If they build it they will sell it.

With the sound of that I say "Go Yamaha" I am glad they are standing behind their people. I wish everyone would do this instead of moving the jobs to other countries.

mud-and-guts wrote:

With the sound of that I say "Go Yamaha" I am glad they are standing behind their people. I wish everyone would do this instead of moving the jobs to other countries.

Amen

Airborne LT wrote:

mud-and-guts wrote:

With the sound of that I say "Go Yamaha" I am glad they are standing behind their people. I wish everyone would do this instead of moving the jobs to other countries.

Amen

The more I learn about Yamaha the more I bleed blue bro.

Yamaha is a FANTASTIC company. Suzuki and Kawasaki could learn something from them, IMO.

I agree, I am glad to see them trying to take care of their workers.

Can Am on the other hand is going to move the ATV bussiness from Canada to Mexico.
I think they should start calling them Mexi-Cans now.