I don't know if I heard correctly or not but I was listening to WVLK out of Lexington and they had a report that Toyota in Georgetown is thinking about laying off 1,000 team members. Has anyone else heard about this?

I guess I heard correctly.

 

http://www.wkyt.com/home/headlines/38221419.html

I thought that not having the big bad UAW was supposed to prevent this from happening .

I just saw the report on WLEX. It says that the final plans should be announced by the end of the month. The ironic thing here is that Toyota this week past GM to become the world's largest car manufacturer.

I thought Georgetown was Union?

I thought Georgetown was Union?

No, it is not. They tried to unionize a few years ago but it failed.

Its not a 1000 out of Gtown, it is 1000 Toyota employees from the UK and USA combined. More than likely I would see the truck plants and SUV plants taking the biggest hit.

I thought that not having the big bad UAW was supposed to prevent this from happening .

 

UAW is a joke, Toyota wouldn't have half of the benefits or pay that they have now if the UAW was involved.

I'm pretty sure I read where Toyota lost money for the first time this past year.

I would be very surprised if they lost money. But I do believe that this year was the first year that they didn't set record profits.

Toyota did surpass GM this year in worldwide sales.

They did lose money this year.

Although 1000 jobs is a lot, spread out among operations in two countries means minimal reductions, thank goodness.

The City of Georgetown is currently experiencing a major budget crisis due to recent shift cutbacks at the Toyota plant. Occupational license fees (payroll taxes) generated by the Toyota plant represent a VERY significant portion of the City's general revenues and the recent cutbacks will create a major hardship for the City's finances going forward.

The City of Georgetown is currently experiencing a major budget crisis due to recent shift cutbacks at the Toyota plant. Occupational license fees (payroll taxes) generated by the Toyota plant represent a VERY significant portion of the City's general revenues and the recent cutbacks will create a major hardship for the City's finances going forward.

 

The same is happening in Louisville due to similar shift cutbacks at both Ford plants.

I would be very surprised if they lost money. But I do believe that this year was the first year that they didn't set record profits.

 

Foreign carmakers have been navigating the economic crisis better than their U.S. competitors. Toyota claimed the title of world's largest carmaker from General Motors, which reported an 11 percent drop in sales last year. Still, the Japanese carmaker expects to report the first loss in its corporate history for the year ending March 31.

 

http://www.newsobserver.com/126/story/1378646.html

I would be very surprised if they lost money. But I do believe that this year was the first year that they didn't set record profits.

They actually did lose money for the first time in their history. The Japanese auto makers count on a strong dollar and strong sales in the United States to make money. With the weak dollar and a Japanese economy that is worst than the one we have I can assure you that they lost money.

 

I've worked for a Japanese rubber auto parts supplier for the past 17 years. For the first time since I've been there some in our auto division are working 4 days a week.