Toyota cuts recruitment by half in 2009

Thursday, March 19, 2009, 17:54 [IST]

Tokyo, Mar 19: Toyota Motor Corp is planning to reduce hiring by half of new graduates next business year to cope up with the global recession. The world's largest carmaker is moving towards a record loss in the year ending on Mar 31.

Toyota is planning to hire 1,400 new graduates in the year starting on 1 Apr down from an estimated 2,733 in the current year. It will be the lowest number since 1996. The company has also offered a job sharing programme in United States and an early retirement for those employees who prefer to leave instead of joining the programme.

The leading automaker is expecting an operating loss of $4.69 billion this financial year.

OneIndia News

Topics: toyota, global economic crisis, tokyo, business, united states

Other articles published on March 19, 2009

Tokyo stocks seen extending gains, Toyota in focus

Thursday, May 10, 2007,8:36 [IST]

Tokyo, May 10: Tokyo stocks are seen extending gains on Thursday, after closing the previous session at their highest since February's global equity sell-off, following gains in U.S. stocks as the Federal Reserve's latest policy meeting ended without any unwelcome surprises. Investors are likely to focus on Toyota Motor Corp. Toyota posted a surprise fall in quarterly operating profit on Wednesday as it booked sales costs and other spending early, and it forecast little growth.....

Toyota Motor Corp unveils plug-in hybrid car

Thursday, July 26, 2007,11:28 [IST]

Tokyo, July 26: Toyota Motor Corp. unveiled a ''plug-in'' hybrid car based on its popular Prius model, saying it would test the fuel-saving vehicle on public roads, a first for the industry.But the world's biggest automaker said the car, called the Toyota Plug-in HV, was not fit for commercialisation since it uses low-energy nickel-metal hydride batteries instead of lithium-ion batteries believed to be a better fit for rechargeable plug-in cars.Unlike earlier gasoline-electric hybrids, which run on a parallel.....

Limitless Updates

Business News

News Archives

Toyota, Matsushita Elec raise cross-shareholdings

Tuesday, June 26, 2007,12:12 [IST]

Tokyo, June 26: Toyota Motor Corp. and Matsushita Electric Industrial Co. have bolstered their cross-shareholdings as they attempt to solidify their business ties, which now centre on producing batteries for hybrid cars. According to a securities filing by Toyota on Monday, the world's biggest automaker owned 20.7 million shares in the Japanese electronics maker, or a Toyota spokesman declined to confirm the increase in cross-shareholdings but said: ''Toyota is taking into account future needs for.....