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Toyota to cut UK production and wages by 10 pct

Toyota to cut UK production and wages by 10 pct

Japanese carmaker Toyota said Wednesday it will cut pay and production by 10 percent at its British plants, for one year starting from April 1, to cut costs while avoiding layoffs.
Toyota Motor Corp. has 3,900 employees at its main production site in Burnaston, near Derby in central England, and 570 at its engine plant in north Wales.
"Following extensive consultation with our employee representatives, and with input from all employees, it has been agreed that the best way to secure long term employment is to temporarily reduce working hours and base pay by 10 percent," the company said in a statement.
"This work share arrangement will take effect from 1st April and will be in place for one year, during this time we will continue to monitor the market and company situation closely.
Toyota has already laid off 200 temporary employees in Britain.


Updated : 2021-05-15 19:04 GMT+08:00