Toyota Australia to Cut 350 Jobs as Car Output Declines 21%
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Toyota Motor Corp.’s Australian division, the country’s largest car exporter, will cut more than a 10th of the employees at its assembly plant following a 21 percent decline in annual production in 2011.
Max Yasuda, president of the Australian unit, said 350 people face compulsory redundancy at the Altona plant in the southern state of Victoria. The factory, one of three car assembly lines in the country, employs 3,350 of Toyota’s total Australia workforce of 4,683 people.