Despite Toyota Motor Thailand's recent launch of a voluntary redundancy scheme to slash the number of its assembly workers, other carmakers have no intention of following in the Japanese giant's footsteps, says the Federation of Thai Industries (FTI).
"As far as I know, other carmakers don't have any plans to launch a redundancy programme like Toyota's," said FTI chairman Chen Namchaisiri.
Mr Chen said domestic car sales improved in April and May, though car exports remained tepid.
Toyota, Thailand's biggest automotive company, is offering a redundancy programme to 800 employees, saying the move is part of an attempt to adjust manufacturing to cope with sluggish buyer sentiment.
Toyota's production is running at 60-70% of capacity.
In a related development, Siam Commercial Bank president and chief executive Arthid Nanthawithaya said the bank would not need to adjust its loan approval criteria for automotive and related segments in the wake of Toyota's redundancy scheme, as the sector remains solid and recovery signs are evident.
The auto industry has adjusted business operations over the past few years amid uncertainty both locally and globally, Mr Arthid said.
"Adjustment of business operations is a normal practice amid global economic uncertainty," he said.