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Toyota to shut down all North American factories
04-05-2011, 01:51 PM #1
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Toyota Motor Co (NYSE:TM) announced earlier today that they will have to close down all of their North American factories by the end of this month due to a parts shortage caused by the damage from the Japanese earthquake and tsunami.

The temporary shutdown of the company's 13 factories in North America is inevitable, the company said. How long the production stoppage will last is unknown. 25,000 workers will be affected, but no layoffs are expected.


How can there not be layoffs if a plant shuts down? They certainly aren't going to keep paying 25,000 employees until (if) they start up again.
04-05-2011, 02:35 PM #2
Octo Mother Superior
Posts:44,206 Threads:1,513 Joined:Feb 2011
Jeez damned.gif They're not going to be able to pay 25 000 people very long without production
04-05-2011, 02:54 PM #3
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
They won't. They'll shut down the plants and they won't start up again. If they meant to start up again they'd keep one shift on part time and go into a slow down but a start up is expensive.
04-05-2011, 03:00 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:32,405 Threads:1,463 Joined:Feb 2011
I seriously doubt anything will ever be made in Japan again. They haven't come right out and thrown in the towel yet, but it's coming.

04-05-2011, 03:05 PM #5
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
iagree.gif even if they did get power back full nobody will want to import irradiated anything.
04-05-2011, 03:11 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:32,405 Threads:1,463 Joined:Feb 2011
True, I've had a few cars that were bad enough to make my hair fall out, but thats a bit over the top!

04-05-2011, 04:57 PM #7
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
Proof that GM is behind the Japan EQ? coffeetime.gif



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