Business Services Industry
Mitsubishi Motors to sack up to 1,200 workers at Illinois plant.
Knight Ridder/Tribune Business News, July, 2004
By Rick Popely and Jim Mateja, Chicago Tribune Knight Ridder/Tribune Business News
Jul. 21--With its U.S. sales in two-year tailspin, struggling Mitsubishi Motors North America said Wednesday that it would fire up to 1,200 workers at its Downstate Normal assembly plant and drop to one shift from two in October.
The plant, which opened in 1988, employs 3,150 and is the second largest employer in the Bloomington-Normal area behind State Farm Insurance Cos.
Operating on two shifts, the plant can produce 240,000 vehicles per year with overtime. Capacity will be halved on one shift.
Mitsubishi's U.S. sales have been declining rapidly for two years and its money-losing Japanese parent, Mitsubishi Motors Corp., piled up $9 billion in...
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