Thursday, March 25, 2010

Toyota Looking to Cut Annual Production Cost by Reorganizing Manufacturing Operations in the Domestic Market

Japanese automaker Toyota is now looking to cut its annual production cost in the domestic market by reorganizing its production plans. The company is planning to merge the production operations of similar models in a plant with a view to cutting 100 billion yen of annual production costs by 2012.

Initially, Toyota was planning to close down some of its manufacturing plants in what would have left many workers jobless. However, the automaker is now going to reassemble the production operations by shifting the workers across its production plants. This way, workers would not lose their jobs and at the same time the company would be able to cut its annual production costs.

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