Manufacturing News

Toyota rumoured to announce job cuts today

Toyota workers will be pulled into an internal employee meeting this afternoon where the automotive manufacturer is rumoured to announce job cuts as part of a decision to downscale production of vehicles.

AAP has reported that more than 100 jobs are expected to go. However, has reported that as many as up to 400 jobs could go. No figure has been confirmed by Toyota.

According to the ABC, Toyota Australia president Max Yasuda will announce the job cuts during a scheduled annual address to the company’s Australian workforce nationally this afternoon to discuss the company’s ‘‘future focus areas’’.

The address will take place at Toyota’s Altona manufacturing plant in Melbourne at 4pm (AEDT) today.

The Australian Manufacturing Workers Union told ABC that a slump in demand for locally-made cars and the high Australian dollar are possible reasons for the likely job cuts.

The jobs cuts are expected to have a wide flow-on effect for related industries, including parts-supply and logistics industries.

Toyota spokesman Glenn Campbell told the AAP that it is the first time staff from both shifts had been required to attend the annual address at the same time. The Altona plant employs more than 3500 staff.

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