This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7932622.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Toyota planning new UK cutbacks Toyota planning new UK cutbacks
(about 4 hours later)
Toyota, the world's biggest carmaker, is finalising plans for fresh cutbacks in its UK factories.Toyota, the world's biggest carmaker, is finalising plans for fresh cutbacks in its UK factories.
The BBC understands options being discussed include further shutdowns at its plants in Derby and Deeside, north Wales, and cuts in the working week.The BBC understands options being discussed include further shutdowns at its plants in Derby and Deeside, north Wales, and cuts in the working week.
The outcome of the discussions with employee representatives will be announced on Wednesday.The outcome of the discussions with employee representatives will be announced on Wednesday.
"We are making every possible effort to to secure employment," said a Toyota spokesman. "We are making every possible effort to secure employment," said a Toyota spokesman.
"But we need to cut costs further," he added."But we need to cut costs further," he added.
'Voluntary release''Voluntary release'
Toyota has already introduced a voluntary redundancy scheme for workers. Those who are eligible can apply for a quotation to see how much a pay off they would receive.Toyota has already introduced a voluntary redundancy scheme for workers. Those who are eligible can apply for a quotation to see how much a pay off they would receive.
CUTTING BACK Aston Martin: Extended Christmas shutdown and 600 redundancies. Temporary three-day week began in JanuaryBentley: Three-day week introduced. Closing Crewe plant for seven weeks from the beginning of March. 220 job cutsGM (Vauxhall): Extended Christmas closure and 40-day shutdownHonda: Four-month shutdown between February and MayJaguar Land Rover: Series of one-day shutdowns and production cuts late 2008, plus 450 redundancies plannedMini: 850 job losses. Five-day week introduced. Two week shut down planned for AugustNissan: Two-week shutdown late last year and 1,200 redundancies. Shift stoppagesToyota: Planning new cutbacks. Staff offered voluntary redundancy. One of the night shifts suspended Source: SMMTCUTTING BACK Aston Martin: Extended Christmas shutdown and 600 redundancies. Temporary three-day week began in JanuaryBentley: Three-day week introduced. Closing Crewe plant for seven weeks from the beginning of March. 220 job cutsGM (Vauxhall): Extended Christmas closure and 40-day shutdownHonda: Four-month shutdown between February and MayJaguar Land Rover: Series of one-day shutdowns and production cuts late 2008, plus 450 redundancies plannedMini: 850 job losses. Five-day week introduced. Two week shut down planned for AugustNissan: Two-week shutdown late last year and 1,200 redundancies. Shift stoppagesToyota: Planning new cutbacks. Staff offered voluntary redundancy. One of the night shifts suspended Source: SMMT
The company said the scheme, which it calls "voluntary release", was requested by its employee representatives, and it has no target for how many people are expected to leave.The company said the scheme, which it calls "voluntary release", was requested by its employee representatives, and it has no target for how many people are expected to leave.
The carmaker has also scrapped the annual pay increase for employees, and cancelled management bonuses. Both factories have just concluded a fortnight's shutdown.The carmaker has also scrapped the annual pay increase for employees, and cancelled management bonuses. Both factories have just concluded a fortnight's shutdown.
A further two weeks of non-production are planned, but the timing has not been finalised.A further two weeks of non-production are planned, but the timing has not been finalised.
The plant in Burnaston, just outside Derby, makes the Avensis and Auris models, mainly for the European market.The plant in Burnaston, just outside Derby, makes the Avensis and Auris models, mainly for the European market.
Burnaston employs 3,800 people, and a further 600 work at the Deeside plant, which makes engines.Burnaston employs 3,800 people, and a further 600 work at the Deeside plant, which makes engines.
Toyota has already said it would post the first group-wide annual operating loss in its 70-year history.Toyota has already said it would post the first group-wide annual operating loss in its 70-year history.
The firm is predicting a global loss of more than £3bn after a drop in new car sales.The firm is predicting a global loss of more than £3bn after a drop in new car sales.
The carmaker is introducing a range of measures - including pay cuts, voluntary redundancies, bonus cuts and shorter hours - across its factories worldwide to reduce costs.The carmaker is introducing a range of measures - including pay cuts, voluntary redundancies, bonus cuts and shorter hours - across its factories worldwide to reduce costs.
Toyota announced plans to cut pay for executives in the US and further reduce production at some factories in the US, Canada and Mexico.Toyota announced plans to cut pay for executives in the US and further reduce production at some factories in the US, Canada and Mexico.