Toyota Posts 1.66 Billion Loss

Old Dec 22, 2008 | 09:31 PM
  #16  
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From: Windsor, Ont.
Originally Posted by SMIGGS
I hear Toyota beats their workers with rubber hoses if they are in the bathroom for more than 5 minutes....



It's called Big Business. I'm pretty sure ALL OF THEM were bi*ching about the very same thing.
No seriously though, they hire temps and when they feel pressure, boom you're gone. Alot of their feeder plants operate the same way so not to have to pay full wages, benefits etc. It's just kinda funny, the dollar goes up in value and they're freakin first looking for that scapegoat to go back producing overseas. They still would be able to sell here as much as they ever did, not having to now produce here as well. Who knows if that's it for sure, but sure seems that way.
 
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Old Dec 22, 2008 | 10:22 PM
  #17  
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Originally Posted by Black SVT
Lets not forget that all the big wigs get of hundredsof thousand dollar bonus and taking 20,000 dollar private jets to the bailout hearing.
Your lucky to get a 45-yr old Cessna 152 for $20,000. Those Citations and Gulfstreams run around $140 mil a piece
 
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Old Dec 22, 2008 | 11:51 PM
  #18  
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Originally Posted by Raptor05121
Your lucky to get a 45-yr old Cessna 152 for $20,000. Those Citations and Gulfstreams run around $140 mil a piece
WTF? You have said a lot of stupid things on here but this line takes the cake. You really do not know Jack Schite about aircraft. For $140 Mil. you could buy a fleet of Citations. A Citation X (the top model) goes for less that $20 Mil NEW! Depending on the Gulfstream model the new asking price is $15Mil - $50Mil.

Here's another piece of info that was left off the news, the flight department for the big two were making money! When the aircraft weren't being used they are rented out at $6k/hr.
 
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Old Dec 23, 2008 | 08:18 AM
  #19  
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Originally Posted by BLUE20004X4
No seriously though, they hire temps and when they feel pressure, boom you're gone. Alot of their feeder plants operate the same way so not to have to pay full wages, benefits etc. It's just kinda funny, the dollar goes up in value and they're freakin first looking for that scapegoat to go back producing overseas. They still would be able to sell here as much as they ever did, not having to now produce here as well. Who knows if that's it for sure, but sure seems that way.
The majority of employees are not temps at Toyota. However they do hire a lot of their employees as temps to start out then if they perform well then hire them on. Hiring temps is something a lot of companies do, it’s a pretty good method of weeding out bad employees. Also it's good strategic move to have some temps around when the future is in question. Nobody has a fool proof guarantee of employment temp or not. It’s just a part of the rough economic times.
 
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Old Dec 23, 2008 | 09:08 AM
  #20  
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From the link in the OP:

"Toyota said there were no plans to lay off any full-time employees, though it plans to cut the number of temporary workers at its Japanese plants in half to about 3,000.

Toyota is a relatively old-style Japanese company that offers lifetime employment, and only in recent years has hired and let go of temporary workers to adjust production."

Lifetime employment? Without a union? How can that be?
 
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Old Dec 23, 2008 | 09:59 AM
  #21  
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Originally Posted by hwm3
From the link in the OP:

"Toyota said there were no plans to lay off any full-time employees, though it plans to cut the number of temporary workers at its Japanese plants in half to about 3,000.

Toyota is a relatively old-style Japanese company that offers lifetime employment, and only in recent years has hired and let go of temporary workers to adjust production."

Lifetime employment? Without a union? How can that be?
If you really are interested, do a study of the Japanese industry and culture. Employees work for low wages, are happy to have a job, and are totally dedicated to the employer. In turn, they are employees for life. It's almost an indentured society. As they have become more "Westernized", there are lots of changes going on, some good, some bad.
 
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Old Dec 23, 2008 | 11:56 AM
  #22  
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Originally Posted by Bluejay
If you really are interested, do a study of the Japanese industry and culture. Employees work for low wages, are happy to have a job, and are totally dedicated to the employer. In turn, they are employees for life. It's almost an indentured society. As they have become more "Westernized", there are lots of changes going on, some good, some bad.

And Congress is pushing us to adopt this Model! It's Called Socialism!


 
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Old Dec 23, 2008 | 01:04 PM
  #23  
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i work at a manufacturing plant that makes wheel for toyota and honda and our business has lost a huge amount of orders from both companies. we are modeled after the toyota production system, mainly because toyota owns our company through different channels.
 
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