To cope with the financial crisis, Japanese Isuzu Motors has announced that it plans to cut down 1,400 jobs and slash domestic production by 10%.

According to the sources, the conglomerate will slash its Japanese production for the year to March 2009 to 249,000 vehicles, down 28,000 from the original target.

Isuzu's announcement is the latest in a series of jobs and production cuts by Japanese automakers and their foreign rivals as the worst financial crisis in decade's drives down demand.