US: Toyota seeks voluntary retirements
Toyota wants to replace older workers in the US with younger ones and is seeking voluntary retirement of 2,000 employees, about 10% of its total headcount in the country.
The carmaker is offering incentives to manufacturing employees who have worked for the company for over 22 years. Most of those eligible for the programme are in the automaker's factory in Kentucky which began production - of the Camry - in 1988.
About 20% to 35% of those eligible for early retirement incentives are expected to apply. Toyota said it would offset the departures with new recruits keeping the total workforce in the US almost unchanged.
Quarterly and other results to the thirty-oneth of March continued to dribble in this week so let's start by hoisting the Union Jack, drum roll, trumpet blast, and highlight Jaguar Land Rover's 11% fu...
Toyota Tsusho Corporation - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and servic...
More read-it-and-weep news for struggling European rivals from Volkswagen group this week as it chalked up another little milestone - selling over 3m vehicles in the first four months of a year....
Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organ...
Toyota Motor plans a joint venture with a local company in China to produce batteries for the country's growing petrol-electric hybrid car market, a Beijing-based company spokesman said....
Car sales in the US are expected to get back on track in May according to analysts at Edmunds.com, who forecast 1,420,937 new cars and trucks will be sold for an estimated seasonally adjusted annual r...
- THE WEEK THAT WAS: The bubble car returns
- Management briefing: UK engine manufacturing (1)
- ANALYSIS: The models to be axed by PSA's Tavares
- COMMENT: PSA's Tavares plots turnaround
- PRODUCT EYE: Audi RS Q3
- BEIJING DEBUTS: New Cruze, but old model to remain
- PSA issues new business plan
- NYIAS DEBUTS: Multiple updates after 1st Media Day
- Former Bentley chief returns for another round
- GM HR and comms chiefs quit
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Ford Motor Company - Strategy and SWOT Report
- Plunkett's Automobile Industry Almanac 2014: Automobile Industry Market Research, Statistics, Trends & Leading Companies
- Global electrified light vehicles market 2007 to 2018