Toyota Motor is looking to drastically reduce its recruitment levels over the next year, according to a report today, with the Japanese company expected to take on about 1,400 full-time employees in the fiscal year starting from April.


Toyota started a record 2,733 new recruits this year.


“In order for us to survive, we must put our resources into the development of next-generation environmental technologies,” a company spokeswoman told Agence France-Presse (AFP).


Next year’s recruitment will be reduced to levels not seen for around nine years, the report added. Japan was slowly emerging from a decade-long recession around the turn of the century.


Earlier this month it emerged that upcoming spring annual wage talks between Toyota Motor and its unions were likely to see wages held though workers would get bonuses equivalent to five months’ pay plus JPY100,000 (US$1,018).

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now