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Toyota looks into layoffs on Sat Jan 24, 2009 2:35 pm
One of Toyota Motor Corp.'s most remarkable achievements is that it has not laid off any of its permanent workers in more than half a century.
But the Japanese automaker may be about to relinquish that proud tradition. Japan's biggest business newspaper, the Nikkei, reported Friday that Toyota was considering cutting 1,000 jobs in Britain and the United States.
Other Japanese papers have suggested even bigger job cuts may be announced as Toyota moves to reduce its output and costs in response to plunging demand for vehicles worldwide.
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But the Japanese automaker may be about to relinquish that proud tradition. Japan's biggest business newspaper, the Nikkei, reported Friday that Toyota was considering cutting 1,000 jobs in Britain and the United States.
Other Japanese papers have suggested even bigger job cuts may be announced as Toyota moves to reduce its output and costs in response to plunging demand for vehicles worldwide.
Read More





















