Toyota: Shutdown of North American factories inevitable
by Associated Press
Published: April 4,2011
LOUISVILLE, Ky. — A Toyota Motor Corp. spokesman says it’s inevitable that the company will have to shut down its North American factories due to shortages of parts from Japan.
Spokesman Mike Goss says the shutdowns are likely to take place later this month, affecting about 25,000 workers. But he says no layoffs are expected.
He says the length of the shutdowns is unknown and depends on how fast earthquake-damaged Japanese parts factories get back in operation.
Toyota gets about 15 percent of its parts from Japan for cars and trucks built in North America.
The company has more than a dozen North American factories.
Goss made the comments today before an appearance in Louisville by Toyota’s head of North American operations.
Source: Associated Press
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Toyota: Shutdown of North American factories inevitable”
Top Posts & Pages
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- The First acquiring Alabama bank in cash/stock deal
- Pickering collects more money from failed beef plant project
- Lawmakers debating alternative to Medicaid expansion
- Todd Smith's Spin Cycle — Not milk! It’s end of era for milk industry’s iconic ‘Got Milk?’ campaign
- States settle with manufacturers in DRAM price-fixing case
- District at Eastover takes shape with financing in place, tenant signings under way
- MBJ's Businesswoman of the Year never expected her career to take this path
- Mississippi ag aviation plays a critical role in production and profitability