Toyota extends North American plant shutdown; will stop paying 5,000 temp workers [Reuters]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Reuters
Toyota extends North American plant shutdown; will stop paying 5,000 temp workers WASHINGTON, April 8 (Reuters) - Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japanese automaker cited the ongoing COVID-19 pandemic and decline in vehicle demand to extend the halt of production at all of its automobile and components plants in Canada, Mexico and the United States. Toyota will not furlough its direct employees, but has asked its hourly plant employees to take two days out of the 10 day extension as paid time off or they can go without pay if they don’t have accrued leave. For Toyota’s 5,000 workers provided by outside agencies, Toyota is releasing those workers back to their agencies. Toyota will continue to pay the benefits of those workers for the time being, and they may be eligible for unemployment. On Tuesday, Honda Motor Co and Nissan Motor Co on Tuesday said they had furloug
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- 11/5/25 - Form 13F-HR
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- TM's page on the SEC website