Toyota to lessen North American production

In order to reduce the production in North America, Toyota is employing additional measures at North American manufacturing plants. It’s also planning to implement few additional non-production days differing from plant to plant. At certain plants the company will also implement condensed work/pay weeks. At the affected plants, the production team members will work and will be paid for 72 hours rather than 80 hours at the time of the two-week pay period.

It also decided to reduce the production team member bonuses and executive pay and will also eradicate executive and salaried bonuses. For the team members who desire to follow further opportunities, Toyota decided to implement voluntary exit program.

Vice president of external affairs for Toyota Motor Engineering & Manufacturing North America by name Jim Wiseman stated that they’ve taken responsible in step by step actions in order to address this issue in latest months and they’re also hoping that the new measures will help them out in adjusting while protecting the jobs. He feels that this type of philosophy of sacrifice is the best approach for them and positively will make them as a stronger company in the long term.