Great Britain: Toyota to cut UK wages and production by 10% to protect jobs

duction via a collective agreement. The need to reduce costs and avoid dismissals led staff representatives to accept this rescue plan, while other automotive businesses are sacrificing staff. (Ref. 090293)

Production will
be cut for 12 months starting on April 1, 2009, while the working time and
wages of the 3.900 employees of the North Wales and Derby factories will be
temporarily reduced. According
to a Toyota spokesman, adjustments may be made during
that period, depending on how the...