Toyota Motor announced an unprecedented 12 factories nationwide work stoppage for 11 days

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jihsinco 08 January, 2009 06:46:00

Because of the global auto market a serious decline, Toyota Motor, Japan's largest depot on the 6th unprecedented announced in February from March to between 11 days and 12 manufacturing plants nationwide full-day work stoppage.

Toyota has announced the end of last year in January to close the production line three days nationwide. But now once again an additional 6-day suspension in February, five days work stoppage in March, a long lay-off date of a record high.

Toyota Motor announced an across-the suspension before the trip in August 1993; because at that time due to appreciation of the yen, auto sales suffer. But then, just one day work stoppage, however.

Due to surge in oil prices and financial tsunami triggered by the global economic downturn, a serious blow to the major depot. They are forced to massive layoffs, reduce costs, and delayed development of a new car. The United States is also rising in the three depot support.

Toyota last month said they have 70 years of operating losses for the first time; loss could be as high as ¥ 150,000,000,000 (USD 1.6 billion 60 million U.S. dollars).

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Comments (2 posted):

jihsinco on 08 January, 2009 06:49:20

The world's largest car manufacturer Toyota Motor, issued a profit warning, I am afraid this year, profit for the first time appeared 71 years after the loss, announced on the 24th of November the same period last year global sales decreased by 21.8 percent, marking the biggest drop in a single month. The Toyota president Katsuaki Watanabe current position may not be secure, therefore, Toyota founder's grandson Chapter Toyota M might win, Toyota may be re-charge of the family Toyota.

jihsinco on 08 January, 2009 06:50:29

Until March next year is expected to be a loss of ¥ 15,000,000, approximately equivalent to U.S. dollars 1.7 billion, is the first time in 71 years, a loss, it also president Katsuaki Watanabe position was not guaranteed next year is likely to replace the current vice Toyota M chapter president.

Toyota this year, 52-year-old male chapter is the founder's grandson, Kiichiro harvest, in the Toyota has been more than 24 years, is now responsible for Japan and overseas markets, if Toyota really served as president of Chapter M, which is the first time in 14 years as the Toyota family president.

Toyota this year, the performance of straight drop, the volume of domestic production in Japan fell 27.2 percent, 27.6 percent decline in sales of about 23.9 percent of export recession; overseas part is not ideal, the European performance fell 34 percent; the United States fell 34 percent, a record in 1980 Since the greatest blessing. If they really want to replace the president, the time will be in April next year, Toyota's board of directors held on.