Toyota Looks To Slash Workers Pay In Order To Turn A Profit In 2009

CharlesNissan, tell your boss (I mean your mom cause she rules until you reach puberty) that you prefer to be fired rather than have salary lowered.

CharlieInfinitiNissan, can you try any harder to sound like a complete moron? There are a bunch of companies here in the US that have already started doing the same thing. Fedex for example announced last month that every salaried employee is taking a pay cut anywhere from 5% to 20%. I'd much rather be part of a company that is taking measures to ensure their future rather than be part of any of these companies that were taking a dive while the big bosses were taking huge amounts of bonuses. It truly is about protecting employment, not greed you retard. Why don't you go out and get a job and maybe, just maybe you'd see it for yourself. Try putting down the "Toyota Hater-ade" bottle and maybe you'll see that theres more to life than a plain 'ol G37.

Chuck, nobody is in business to lose money, you dope.

ChuckG37=UAW

Sounds like the Japanese equivalent of a jobs bank.

If you don't trust your employer, go find another job in another company. What Toyota is doing is for the common good of both company and employees. Would you rather have a job with decreased salary to pay your bills or would you rather not have a job and starve to death and have self pity.

If this story was about an American car company, every one would be screaming,"they make crap cars,they don't understand the market, they deserve it". I quess prejudice begins at home.

What prejudice? What are you talking about? They slash salaries to survive a tough period. Every smart company does so, limiting expenses and sort of "hibernating" so that they don't need to rob taxpayers from their money as it is popular in the United States of Soviet Socialist America. And please, don't even compare American carmakers to Japanese ones. Firstly, the latter are not bankrupt. Secondly, the latter don't spend bailout cash on useless newspapers ads instead of new technology (like Chrysler did).

Downtoearth

You’re kidding right. Toyota is so in bed with the Japanese government that it makes our automotive bailout look like it was designed by Adam Smith.

Who funded the development of Toyota hybrid and battery technology?

Who continually protects Toyota dumping tactics?

Who pays for Toyota workers domestic healthcare?

It’s the Japanese government.

Wake up and step away from the from the koolaid, and look at who is really socializing their automotive industry.

http://www.topspeed.com/cars/car-news/did-the-japanese-government-fund-the-toyota-prius-ar54974.html

Toyota is doing what it has to. They are working within the constraints of lifetime employment rules. They must be expecting a serious and protracted downturn to make this drastic of a move - shutting down for 11 days in Feb and Mar. Unfortunately, I think cutting wages and salaries is a bad idea, even though it saves jobs. By cutting people's money by X%, they will feel like they should give the company X% less effort as a result.

More companies should look into doing this instead of massive layoffs. I agree with the comment above that I would rather keep my job and take a pay cut than be unemployed. It should be a percentage with the larger percentages coming from the top tier earners and then trickle its way down. My company slashed bonuses from the investment bank employees. They were pissed because they only received half of their salary as a bonus this year instead of the entire amount of their salary.

Easier to cut pay without UAW.

Companies do not exist solely for the purpose of giving people nice paying jobs. Considering the amount of capital that goes into operating these large companies, a certain rate of return has to be achieved.