Toyota Posts 1.66 Billion Loss
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.
Your lucky to get a 45-yr old Cessna 152 for $20,000. Those Citations and Gulfstreams run around $140 mil a piece
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.
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.
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?
"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?
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?
"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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Jim
Jim
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!
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.




