Tuesday, December 23, 2008

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 in the States in the mid 1980s. Jim Wiseman, vice president of external affairs for Toyota's North American production unit, told Bloomberg News that the company cannot rule out job cuts as sales continue to fall. "We wouldn't anticipate it getting to that point, but we never say never," Wiseman said. Overall, Toyota's North American operations employee some 30,000 workers.

Via: Bloobmberg

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