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Toyota considers cost saving cuts Toyota considers short work week
(40 minutes later)
Work could be suspended at one of the UK's major car manufacturers as sales slump in the global downturn. Production could be cut at one of the UK's major car manufacturers as sales slump in the global downturn.
Toyota has confirmed it is considering suspending all production, shorter working weeks and laying off workers in an effort to reduce costs. Toyota said it was considering introducing a shorter working week and completely suspending production in a bid to reduce costs.
The firm, which employs 3,900 in Derbyshire and 600 in Flintshire, has already suspended night shifts and is planning two 14-day shut downs. The firm, which employs 3,900 in Derbyshire and 600 in Flintshire, has already suspended night shifts and is planning two 14-day shutdowns.
A spokesman said no changes had been confirmed and discussions were ongoing.A spokesman said no changes had been confirmed and discussions were ongoing.
He added that any cuts would affect both sites. The Toyota spokesman added any cuts would affect both sites but were necessary to try to safeguard jobs.
Last week the firm denied rumours of job cuts in the US and UK. Last week the firm denied rumours of job cuts in the US and UK after experiencing a 4% drop in global sales.
It is expected to declare its first-ever loss, which is likely to to be over £1bn, at the end of the financial year.
Factories in Japan have also been temporarily closed in an effort to reduce the stock of unsold vehicles.