 |
|
| Home | Features | Records | Online Store | Media | Careers | Contact Us |
Back to January 2012 Motorsports News Archive
| 24-01-2012 at 08:00: Job Cuts for Aussie Toyota Plant Workers | |
|
The company will immediately adjust its workforce at its manufacturing plant in Altona, Victoria, with plans to implement about 350 compulsory redundancies. “It is unfortunate that we have to take this action and we will ensure affected employees are supported during this process”, Toyota Australia President and CEO, Mr Max Yasuda said. “In consideration of current and anticipated market conditions this action is necessary. It is not possible to maintain our workforce at its current size. “Toyota Australia is facing severe operating conditions resulting in unsustainable financial returns due to factors including the strong Australian currency, reduced cost competitiveness and volume decline, especially in export markets.” Mr Yasuda said the company’s vehicle manufacturing production levels have reduced from 149,000 in 2007, to 94,000 in 2011, and an expected 95,000 cars in 2012. “The reality is that our volumes are down. What we assumed was a temporary circumstance has turned into a permanent situation. This drop of 36% in just four years shows the scale of our challenges.” Mr Yasuda said Toyota Australia would tackle the challenges impacting its business with actions including workforce adjustment; import vehicle sourcing optimisation; efficiency improvements and cost improvements. These actions were part of the company’s strategy to transform its Australian operations, including strengthening its manufacturing business. “Manufacturing is a vital element of our overall operations in Australia. The actions we take now to transform our business will pave the way for our future success as a leading manufacturer and marketer of vehicles to local and export customers.” In 2012, Toyota Australia will launch the next generation Hybrid Camry and Aurion models, alongside the flagship Camry launched in December 2011. It is building a new plant to manufacture four cylinder and hybrid engines at Altona. The company employs 4,683 employees in Australia. During 2011 the company produced about 94,000 vehicles for domestic and export customers. |
It was announced yesterday by Toyota Australia that the company will be undertaking a review of its business to manage the unprecedented operating conditions that are placing significant pressure on its operations.^ Back to top ^
|
Login
 Forgot my password! |
|
Copyright © All Vic Pty. Ltd. 2007-2024 |
Terms of Use | Home | Features | Records | Online Store | Media | Careers | Contact Us |