Cars
The worst automotive slump in decades is taking its toll on Toyota that announced additional measures for its North American manufacturing plants. These include new production cuts, the freezing and in some cases, the reduction of salaries and a new voluntary exit program. For the time being, Toyota will not layoff any North American workers. "We've taken responsible, step-by-step actions to address this issue in recent months, and we hope the new measures will help us adjust while protecting jobs," said Jim Wiseman, vice president of external affairs for Toyota Motor Engineering & Manufacturing North America (TEMA).
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Cars
Toyota Reduces North American Production but Maintains Jobs
The worst automotive slump in decades is taking its toll on Toyota that announced additional measures for its North American manufacturing plants. These include new production cuts, the freezing and in some cases, the reduction of salaries and a new voluntary exit program. For the time being, Toyota will not layoff any North American workers. "We've taken responsible, step-by-step actions to address this issue in recent months, and we hope the new measures will help us adjust while protecting jobs," said Jim Wiseman, vice president of external affairs for Toyota Motor Engineering & Manufacturing North America (TEMA).In previous moves, TEMA:
- scheduled periodic non-production days as needed, but protected jobs by providing training and plant improvement activities;
- established a hiring freeze;
- eliminated overtime;
- suspended capital spending.
But the ongoing downturn necessitates additional steps:
- some additional non-production days in April, varying from plant to plant;
- strong possibility of reduced work/pay weeks, known as
"work sharing," at some plants. Production team members at affected plants would work and be paid 72 hours instead of 80 during the
two-week pay period;- executive and salaried bonuses eliminated;
- executive pay cuts;
- production team member bonuses reduced;
- voluntary exit program for team members who wish to pursue other opportunities;
- no wage increases for the foreseeable future.
- Toyota Reduces North American Production Due To Lack Of Parts From Japan
The devastating consequences of the March 11 Japan earthquake and tsunami on the country’s auto industry continue to unfold. Today, Toyota Motor Corp. announced that it will reduce its North American production because of the lack of parts. The...
- Mazda Cuts Down Production In Japan And Reduces Pay For White-collar Workers
Following on its December 12, 2008, announcement, Mazda has announced further cuts in production at its Japanese plants in a bid to cope with slowing demand in global car sales. In addition to other measures that include 1,500 job cuts and the elimination...
- Toyota Could Cut Jobs In The U.s. If Auto Sales Continue To Drop
What would have been unheard of a year ago could now very well become a reality: if auto sales don't rebound by the second half of next year, Toyota may be forced to lay off workers in the U.S. for the first time since it began manufacturing cars...
- Breaking News: Chrysler To Lay Off 25% Of Its Salaried Workforce Or 4,300 Jobs
The Doomsday clock seems to be getting closer and closer to midnight for Chrysler LLC. In a letter sent to employees today, Chrysler LLC Chairman and CEO Bob Nardelli announced that the firm would take additional salaried and supplemental workforce reductions...
- Chrysler Announces More Than 8,500 Job Cuts Along With Cancellation Of 4-models
Shortly after Chrysler LLC confirmed UAW ratification of labour agreement, the third largest American carmaker announced that it will proceed to a reduction of 8,500-10,000 additional hourly jobs through 2008. Chrysler LLC also revealed plans to eliminate...