Toyota Cutting Production At Alabama Plant

Toyota cutting US execs' pay, offering buyouts

By: WKRG Staff | WKRG-TV
Published: February 13, 2009

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NEW YORK (AP) - Toyota Motor Corp. says it's reacting to the
slump in U.S. auto sales by further cutting North American
production, slashing compensation for executives in the region by
up to 30 percent, and offering buyouts to about 18,000 workers.
The company will cut production days at some U.S. factories in
April - from two to eight days according to the amount of inventory
at the particular plant.
Toyota is also instituting a shorter work week at some plants.
Affected hourly employees would work eight hours less per two-week
period.
Unionized plants in the U.S. and Mexico will not be affected.
The world's No. 1 automaker says the move will begin in April at
its auto-parts factories in Alabama, Missouri and West Virginia as
well as its auto assembly plants in Indiana, Kentucky, Mississippi
and Texas.
Toyota operates a plant in Huntsville that manufactures V-8
engines and employs around 900 workers.

(Copyright 2009 by The Associated Press. All Rights Reserved.)