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Toyota sees Japan output at 31 year low

Posted Tuesday, Apr 21, 2009, 9:44 am in Employee News

The Associated Press reports that Toyota Motor Corp. is expecting vehicle production levels in Japan to fall below the level needed to maintain a full-time workforce. The automaker expects output to be 2.8 million units through March 2010—falling below 3 million for the first time in 31 years, Japan’s top-selling Yomiuri newspaper said. The paper said this may result in the first layoffs in the full-time workforce since 1950.

The paper also said Toyota’s global output this year will likely stay at 6.2 million units, with a net loss for the company of $3.6 billion for the fiscal year ended March 2009. (The Associated Press)
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