Toyota's New Factory Will Need Help from Foreigners to Survive [Yahoo! Finance]
TOYOTA INDUS CRP UNSP/ADR (TYIDY)
NASDAQ:AMEX Investor Relations:
toyota-industries.com/investors
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Source: Yahoo! Finance
Last August, Toyota announced it would build a new car factory near its home turf in Aichi Prefecture. This isn't just another plant – it's the first one it has built in Japan since 2012. The goal: keep churning out about 3 million vehicles a year from Japanese soil. The new plant is supposed to open in the early 2030s, and Toyota is calling it a 'plant of the future' – packed with new tech and built for a more diverse crew. That last bit isn't just PR anymore; it's quickly becoming a must-have. According to Nikkei Asia , Toyota simply won't be able to keep this new factory running without a big boost from foreign workers. The problem is simple: there just aren't enough people left in Japan to fill the jobs. Getty Images · Getty Images A Workforce that's Rapidly Changing Right now, about a million people work in Japan's auto industry, but only 9% are foreigners. That's already double what it was in 2008, but it's still nowhere near enough. Experts say that by 2040, near
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