The automotive firm Toyota has already communicated the decision to the SMATA union. This week the details of the plan will be known. It is due to the drop in local demand.
The signature Toyota automotive faces a strong local restructuring process due to the drop in demand. In this context, according to him, he will launch a voluntary retirement plan with which seeks to reduce by around 400 people his workforce.
The decision was communicated by the company to the representatives of SMATAthe mechanics union, and this week the conditions under which the voluntary retirement plan will be implemented will be defined.
According to industry sources, The company estimates that it will produce about 25,000 fewer units this year than in 2020.3. It will go from about 186,000 to about 160,000, the objective is to adjust in a context of economic crisis that has been affecting the sales level of the automotive industry for a long time.
Along the same lines long ago Toyota began cutting hours extra to its workers and paralyzed production for an entire shift on Mondays.
At this time it is speculated that other firms in the automotive sector will follow in the footsteps of Toyota with the presentation of voluntary retirement plans or reduction of working hours.
Investment and prices
Meanwhile Toyota comes from investing US$50 million at your local operation to produce the utility model hiace which is the third vehicle next to hilux and SW4which leaves the Zárate factory, province of Buenos Aires.
At that time, the president of the firm, Gustavo Salinas, detailed in dialogue with Ámbitoregarding car prices in the local market: “Unfortunately, what has happened if you look at Argentina measured in dollars, in all aspects, is that we have ended up being a poor Argentina. If you look at the values of cars, beyond all the tax effect and the rest, the big problem we have is that we have to recover income so that vehicles are accessible again. Salaries continue to be another price of the economy, they will have to adjust upwards as well. The problem is that it is the last thing you finish adjusting. We cannot have the lowest dollar income in Latin America. At some point it has to be accommodated. I’m not saying I have the highest ones, but at least be in the middle.”
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
