Toyota to Cut Production & temp Worker
Associated Press | Wednesday, November 19, 2008
TOKYO--Toyota Motor Corp.(TM) will reduce production in the United States to cope with slowing sales in the world's largest economy.
Toyota will stop production at all its plants in the U.S. and Canada for two extra days in addition to the regular Christmas holidays next month, and cut about half of 500 temporary workers at a plant in Georgetown, Kentucky by March.
Beginning January, Japan's top automaker plans to reduce production of the Sienna minivan at its Indiana plant, and slow a line for the Camry and Avalon sedans at the Kentucky plant.
At New United Motor Manufacturing Inc. in Fremont, California -- its joint venture with General Motors Corp. -- Toyota will eliminate a shift producing the Tacoma pickup truck.
Earlier this month, Toyota net profit for the July-September quarter plunged 69 percent and downgraded its full-year profit forecast to about a third of last year's result.
Sources :
- FoxBusiness : Toyota to Cut Domestic Production
- MarketWatch : Toyota to cut US output, cut temp workers
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