Halt of the Toyota plant affects the company greatly
2008-07-12 20:15:32 (GMT) (Caymanmama.com - Business News)Virginia Beach, Virginia (CaymanMama.com) — With gas prices at a record high of $4 per gallon, the Prius plant may be good for San Antonio but the production halt of Toyota Motor Corp. is not as bad as the situation may have possibly. The full-time workers of the plant, about 2,000 in all, will be getting their pay even during the period of downtime. The down time begins in August and last through November when the production of the 2009 models start. Full time workers will undergo training so the development of the plant remains calm throughout the period.
Toyota spokesman, Michael Goss, reported that the proposition that the company has made to pay full time workers is an expensive initiative during the time of no production. But the company forecasts that the workers should be ready when the situation of bad production ends. Gross also said that they have a positive outlook towards the production and sales of full sized trucks and that it will take some time in order to get through the financial downturn. Full-sized truck sales have been severely affected by the unstable economy and the rise in gas prices.
The plant in San Antonio started in 2007 making two-third of all Tundras along with other third that is manufactured in Princeton, Indiana. Under the reorganization that was announced, all Tundras will be manufactured in San Antonio next year. This, in turn, will allow the new plant in Mississippi to start making the famous Prius, while the Highlander SUV will get designed in the Princeton. It is still not sure that how will the production pause at the Tundra plant in San Antonio will affect the onsite suppliers along with the workers.
The County Judge, Nelson Wolff reported that with the shutdown of the Tundra plant, Toyota was treating it the best that the society could have hoped.
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