Yamaha Cuts Workforce

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A spokesman for Yamaha Motor Corp. has confirmed that the company has laid off around 30 employees in its motorsports and corporate support areas.

Bob Starr, Yamaha's communications manager, says the actions that have taken place over the past couple of days followed efforts by the company to reduce its workforce by about 10 percent through voluntary retirement.

When asked whether these lost positions will have any effect on Yamaha's dealer network says that there will be some restructuring in the company and that there would be a "minimal impact if any at all" at the dealer level. "Unfortunately it's the reality of the business right now," Starr adds.

In December 2008, Yamaha Motor Corp., USA asked for 100 of its approximately 1,000 employees nationwide to take voluntary early retirement in a move "to ensure the company's health and competitive ability during these difficult times."

At the time the OEM said some layoffs may be necessary if the company is unable to reduce its workforce enough by February through voluntary retirements, attrition and other measures.

Founded in 1977, Yamaha Motor Corp. USA is a wholly-owned subsidiary of Japan-based Yamaha Motor Co. Ltd. About 475 Yamaha employees are based at the company's headquarters in Cypress, Calif. The OEM also has operations in Kennesaw and Newnan, Ga.