TOKYO -- Japanese automaker Mitsubishi Motors Corp. said on Wednesday it would cut 368 jobs, or about 10 percent of the workforce, at its wholly owned Dutch car assembly plant, which has been burdened by overcapacity.
About 300 other workers at NedCar, which builds the Colt subcompact series and DaimlerChrysler AG's Smart ForFour model, will also be provided temporary work at other companies.
The plan will be effective from Jan. 1, 2006.
The struggling Japanese automaker has said it planned to slash its group-wide workforce to 41,500 by March 2006 from 49,055 in March 2004. The cuts at NedCar, which employs about 3,800 workers, had not been included in that plan.