Toyota‘s Thai unit might offer another round of early retirements after January operating results are released in mid-February.
The Bangkok Post reported the possible further redundancies, citing remarks made by the firm’s vice chairman.
“We’re reviewing our plans on a weekly basis now, and we have to keep a close eye on the export market,” said Ninnart Chaithirapinyo, vice chairman of Toyota Motor Thailand, according to the newspaper.
In December, Toyota started the early retirement program with 300 subcontract employees to reduce costs because of weak global demand, it said.
Toyota has also called for the government to step up promotion of hybrid cars including tax incentives to encourage local production.