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UK jobs under threat at Toyota
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23 January 2008
The Japanese car giant has forecast an operating loss of 150 billion yen (£1.12 billion) for the financial year ending next March - the first such loss since it began reporting operating figures.
According to the Times, Toyota could cut up to 800 jobs in the UK, or 15% of its workforce, adding to the 40,000 positions expected to be shed from the UK car industry's 200,000 total over the next three years.
The Times said declining demand was "likely" to trigger redundancies across Toyota's business.
The car maker has not made any of its permanent staff redundant, but it is understood to have already cut an unspecified number of temporary workers.
Toyota promised to do all it could to retain permanent British workers, but has reportedly not ruled out the possibility of redundancies.
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