Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

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Tuesday 23 December 2008

UK Jobs under threat at Toyota


Toyota could trim its UK workforce after a sharp decline in demand led it to post its first losses since 1941, it was reported.


The Japanese car giant has forecast an operating loss of 150 billion yen (£1.12 billion) for the financial year ending next March - the first such loss since it began reporting operating figures.
According to the Times, Toyota could cut up to 800 jobs in the UK, or 15% of its workforce, adding to the 40,000 positions expected to be shed from the UK car industry's 200,000 total over the next three years.


The Times said declining demand was "likely" to trigger redundancies across Toyota's business.
The car maker has not made any of its permanent staff redundant, but it is understood to have already cut an unspecified number of temporary workers.


Toyota promised to do all it could to retain permanent British workers, but has reportedly not ruled out the possibility of redundancies.


Source: The Press Association
To read or see more information on Toyota, you can watch my presentation called: Toyota the Supermarket for Cars Here at Slide Share

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