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Toyota plea to staff

Toyota Australia has followed Holden by asking employees to compromise on workplace terms in an effort to cut costs. The Japanese-owned car maker will not ask staff to take a pay cut, but instead give up "outdated" workplace practices as it aims to shave $3800 off the price of building its Camry sedan by 2018.
By · 1 Nov 2013
By ·
1 Nov 2013
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Toyota Australia has followed Holden by asking employees to compromise on workplace terms in an effort to cut costs. The Japanese-owned car maker will not ask staff to take a pay cut, but instead give up "outdated" workplace practices as it aims to shave $3800 off the price of building its Camry sedan by 2018.
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Frequently Asked Questions about this Article…

Toyota Australia is asking employees to compromise on workplace terms to cut costs. The company aims to reduce the cost of building its Camry sedan by $3800 by 2018 without asking staff to take a pay cut.

Toyota Australia is asking employees to compromise on workplace terms to cut costs. The company aims to reduce the cost of building its Camry sedan by $3800 by 2018 without asking staff to take a pay cut.

Toyota Australia is proposing that employees give up 'outdated' workplace practices as part of its cost-cutting measures. This approach is intended to help the company reduce production costs without reducing employee salaries.

Toyota Australia is proposing that employees give up 'outdated' workplace practices as part of their cost-cutting measures. This approach is intended to help reduce the cost of building their vehicles.

While both Toyota Australia and Holden are seeking cost reductions, Toyota is not asking its employees to take a pay cut. Instead, it is focusing on eliminating outdated workplace practices to achieve its financial goals.

No, Toyota Australia is not planning to reduce employee salaries. Instead, they are focusing on eliminating outdated workplace practices to achieve cost savings.

Toyota Australia's financial goal is to reduce the cost of building its Camry sedan by $3800 by the year 2018. This is part of their broader strategy to remain competitive in the automotive market.

Toyota Australia aims to save $3800 on the production cost of each Camry sedan by 2018 through changes in workplace practices.

No, Toyota Australia employees will not face pay cuts. The company is focusing on eliminating outdated workplace practices to achieve cost savings instead of reducing employee salaries.

Toyota Australia plans to implement its cost-cutting measures and achieve the targeted savings by the year 2018.

The proposed changes are expected to reduce the cost of producing the Camry sedan by $3800 by 2018, helping Toyota Australia to maintain competitiveness and potentially improve profitability.

Similar to Holden, Toyota Australia is asking employees to compromise on workplace terms to reduce costs. However, Toyota is not asking for pay cuts, focusing instead on eliminating outdated practices.

Reducing the cost of building the Camry sedan is important for Toyota Australia to stay competitive in the automotive market, improve profitability, and ensure the sustainability of its operations.

The main goal of Toyota Australia's request is to reduce the cost of building their vehicles, specifically the Camry sedan, by eliminating outdated workplace practices.

While the article does not specify what 'outdated' workplace practices entail, it suggests that these are practices that may no longer be efficient or cost-effective, and eliminating them could help reduce production costs.

For everyday investors, Toyota Australia's cost-cutting measures could potentially lead to improved profitability and competitiveness, which might positively influence the company's stock performance.