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Recession reports - Toyota to cut 3000 jobs in Japan
Toyota to cut 3000 temporary jobs in Japan: spokeswoman
AFP
(Enlarge photo)
25/11/2008 13:22. Bloomberg reported that Toyota Motor Corporation will cut its domestic temporary workforce by 50% as vehicle demand slumps globally. Mr Paul Nolasco spokesman of Toyota said that it will cut the number of temporary workers to 3,000 from 6,000 by the end of March 2009.

Toyota follows Mazda Motor Corporation and Isuzu Motors Limited, which said that they would slash a combined 2,700 temporary jobs in Japan in response to slowing sales.

Earlier this month, Toyota forecast a 68% drop in full year net income, the biggest decline in at least 18 years, as a global recession cripples auto demand.

Mr Hirofumi Yokoi a Tokyo based analyst... // SteelGuru

Total: 86 news articles, 7 photos
First News Article: Reuters, 16/11/2008 12:57


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