You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Toyota offers buyouts to California (629 managers) employees [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-01-11 09:10 PM
Original message
Toyota offers buyouts to California (629 managers) employees
Advertisements [?]
Edited on Tue Feb-01-11 09:11 PM by Omaha Steve
Source: Reuters

(Reuters) - Toyota Motor Co (7203.T) said on Tuesday that it had offered buyout packages in a bid to reduce the management staff at its U.S. sales headquarters in Torrance, California.

The move was the first time that Toyota has moved to cut workers at its U.S. sales and marketing operation and comes as the company struggles to restore momentum in the United States after a damaging series of safety recalls last year.

Toyota was the only major automaker to post a sales drop in 2010 and its sales gain of 17 percent in January only kept pace with a recovering U.S. auto market.

An e-mail notice sent to 629 managers at Toyota Motor Sales on Tuesday said the cost-cutting was needed because of the automaker's need to adapt to a changing industry.

Read more: Toyota offers buyouts to California employees
Printer Friendly | Permalink |  | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC