Friday, 29th January 2010
In Business In Japan,
Toyota announces job cuts
Japanese car manufacturer Toyota has announced it is to cut jobs in its UK operations.
As many as 750 jobs at a plant in Derbyshire could be cut as the world's biggest vehicle maker continues to struggle with the ongoing impact of the economic downturn. The recession in Japan and volatile global economic climate have seen demand for high-value products such as cars plummet over the past year.
Toyota currently has 4,000 workers in the UK, with the majority of these - 3,500 - based at the operations in Derbyshire and the rest in North Wales.
The job cuts are part of a restructuring and change of focus at the Derbyshire plant, which will see the factory change to a single line operation. Cars currently made at this factory include the Auris and Avensis.
The news follows an announcement by Toyota that eight of its US models are to be recalled over safety fears to do with potentially faulty accelerator pedals.
Written by Kimberley Homer.
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Toyota enjoys strong global sales to remain largest auto maker (30th October 2012)
Toyota to enter Japan's small car market (29th September 2010)
Toyota comes under further recall criticism (21st May 2010)
Toyota shareholders sue troubled firm (22nd March 2010)