Suzuki Motor chairman and chief executive Osamu Suzuki said on Wednesday he would take on the additional post of president after Hiroshi Tsuda resigned and became an adviser due to health problems.

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The new chief vowed to lead the company through the current industry slump, Agence France-Presse reported.


Osamu Suzuki reportedly said he decided to take on the extra role in order to “spearhead the company to survive this crisis.”


He denied any immediate plan to further cut jobs or production, but said: “I think we may have to stop or temporarily halt unnecessary facilities.”


Suzuki told AFP he would stay in the two roles until the economy picks up, though the auto industry was unlikely to recover for at least a few years.

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Suzuki is cutting 600 part-time jobs in Japan and plans to reduce its 5,500 Hungarian workers by 1,200 as it reduces output here in Europe.