Toyota Prepping Pink Slips for US And UK Workers - VW May Post 4th Qtr Loss

"Toyota is considering cutting full-time employees in Britain and North America, a company source familiar with the matter told Reuters." I am always skeptical of "company sources familiar with matters". And, does "full-time" mean full-time hourly or full-time salaried? Are they taking about assembly line workers or office staff? I wouldn't be surprised if Toyota took a good look at their staff levels and attempted to "right size" the company to be more in line with the current economic environment.

— BSBB (View Profile)

Posted on 1/23/2009 11:25:06 AM | reply to this comment | Votes: 0   

Good picture of Tupac.

— 1UAW (View Profile)

Posted on 1/23/2009 12:03:25 PM | reply to this comment | Votes: 0   

GM is very close to death and Chrysler is on its last string.

— veyron1001 (View Profile)

Posted on 1/23/2009 8:29:39 PM | reply to this comment | Votes: 5   

They do its in Japan only its call the J.A.W and they make more than UAW here in the states. So basically Toyota is pimping the southern states.

http://www.jaw.or.jp/e/

— 1UAW (View Profile)

Posted on 1/23/2009 3:54:18 PM | reply to this comment | Votes: 0   

True and the Japanese Gov't picks up the Retirement and Health Care costs too! So Toyota can afford to pay more to keep workers happy.

— Porschinator (View Profile)

Posted on 1/23/2009 4:53:49 PM | reply to this comment | Votes: 1   

like every civilized modern industrial country, japan has national health insurance. (why doesn't the u.s.? refer to first 4 words.) but it does NOT cover retirement costs. so detroit gets a DOUBLE WHAMMY from uaw.

— XYZZ (View Profile)

Posted on 1/24/2009 6:03:55 AM | reply to this comment | Votes: 3   

XYZZ,

Japan is a nation of only Japanese people (it's an island afterall). The spirit of national unity and brotherhood in Japan (and many other nations) is different than USA. USA is a collection of diffferent peoples, so the idea of all of us helping everyone else out, especially in the face of the tens of millions of AMericans who are for all intensive purposes, worthless, isn't going to fly. Get over it, we all know our healthcare is messed up, but trying to go from what we have to what other countries has won't happen fast if ever.

— neutral (View Profile)

Posted on 1/25/2009 6:55:12 PM | reply to this comment | Votes: 1   

I'll believe it when I see it.

I heard on the radio today that they took a survey of Canadian companies and most are choosing to hold employees as long as possible. No firing but no hiring either. They're cutting costs instead.
Canada is also expected to recover in the 2nd half of 2009 so the U.S. shouldn't be too far behind.

A quarterly operating loss doesn't equate to an annual net loss so cutting jobs is premature.
Hearing rumours this early about job cuts sounds too short sighted in my view.

VW is in the same boat. They just finished years of workforce trimming, one loss doesn't mean you have to start firing employees again.

— huu76 (View Profile)

Posted on 1/23/2009 8:03:48 PM | reply to this comment | Votes: 1