Thai Toyota: No production shutdowns
- By: BangkokPost.com
- Published: 7/01/2009 at 10:18 AM
Toyota Motor Thailand Company Limited vowed not to shut down manufacturers in the country after Toyota Motor Corporation (Japan) halted its production in 12 factories in Japan.
Toyota Motor Thailand's executive vice president Suparat Sirisuwannakura on Wednesday affirmed the company had no plans to close its plants even though its headquarters in Japan already suspended 12 of its plants in the past 11 days."The company will adjust the production plan to deal with the market this year, as the sales figure is expected to slump 20 per cent," said Mr Suparat.
According to the plan, production and overtime payment would be reduced while early retirement would also be an option for contract employees.
The company would temporarily stop investing in many of its major projects until the economic situation improves.
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