Toyota Motor Corp has decided to cut its hiring plans for the fiscal year beginning next month to reduce costs amid slumping global sales, media reported.
The Japanese business daily reported on its Web site that Toyota planned to recruit about 1,800 full-time employees for fiscal 2009, one-half the level of the current fiscal year. That would mark the first time the world`s largest automaker has hired fewer than 2,000 full-time employees in seven years, media reported.
Honda Motor Co and Nissan Motor Co have also scaled back hiring of new graduates during the spring season, when Japanese companies traditionally hire new graduates for career employment, reported media.
Global auto sales have fallen by almost one-quarter since January 2008 and by an even steeper margin in the United States, the biggest single market for Toyota and the struggling industry. Toyota has hired about 3,600 full-time employees in the current fiscal year.
About 60 percent of that total are new graduates, while the remainder are mid-career hires and temporary workers who are shifting to full-time status, the newspaper said.
Source:
http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Toyota-to-cut-hir
The Japanese business daily reported on its Web site that Toyota planned to recruit about 1,800 full-time employees for fiscal 2009, one-half the level of the current fiscal year. That would mark the first time the world`s largest automaker has hired fewer than 2,000 full-time employees in seven years, media reported.
Honda Motor Co and Nissan Motor Co have also scaled back hiring of new graduates during the spring season, when Japanese companies traditionally hire new graduates for career employment, reported media.
Global auto sales have fallen by almost one-quarter since January 2008 and by an even steeper margin in the United States, the biggest single market for Toyota and the struggling industry. Toyota has hired about 3,600 full-time employees in the current fiscal year.
About 60 percent of that total are new graduates, while the remainder are mid-career hires and temporary workers who are shifting to full-time status, the newspaper said.
Source:
http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Toyota-to-cut-hir
