Toyota has flushed out 120 temporary workers early and reduced production in their latest layoff. Additionally, they will be reducing overtime on the remaining employees, in effect giving them a pay cut. These are all expected to be US employees and reach many of their plants such as upstate New York.
This will affect spending across the board by those employees at Toyota. The company has to do what it can to survive while the USA clownsumer hangs on to their cars a little longer and drives them a little less.
Related:
American Clownsumer Reign of Worldwide Terror: Nissan to Cut 3,500
General Reduction in Force
Thriftyness in High End
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