Report: Toyota Mulls Cutting 1,000 Full-Time Jobs

[Purveyor]

(01-23) 07:29 PST TOKYO, Japan (AP) --

Toyota Motor Corp. is considering cutting more than 1,000 full-time jobs in North America and the United Kingdom to cope with faltering global demand, a news report said Friday.

The details of the job cuts will likely be finalized by the end of the month, said the Nikkei, Japan's top business daily, citing an unnamed senior company official. Japan's top automaker could slash more jobs in other regions if global auto sales continue to slump, the daily said.

Mike Goss, a spokesman for Toyota's North American manufacturing operations, said Toyota is considering "additional steps" after making several production adjustments in recent months, but no decisions have been finalized.

--CLIP
Hit by the collapse in demand for cars, Toyota is expecting to incur its first operating loss in 70 years. The company on Tuesday tapped Akio Toyoda, grandson of the Japanese automaker's founder, as president, paying homage to its roots amid a deepening global downturn.

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AP: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/01/23/financial/f070837S01.DTL