From Automotive News:
Toyota moves deeper into U.S. work cuts


Lindsay Chappell



NASHVILLE -- Still refraining from laying off any North American workers, Toyota Motor Co. said Thursday night that it is adopting wage freezes, reduced hours and a voluntary exit program for workers.
The new measures, which Toyota dubbed a "shared sacrifice" philosophy, come as Toyota faces its first financial losses since 1950 and the unfamiliar specter of idle auto factory lines.
Toyota has gone out of its way to keep its mostly non-union U.S. and Canadian production workers on the clock, even as it has shut down assembly lines.
But a statement released Thursday night by Toyota Motor Engineering & Manufacturing North America Inc., the company's U.S. manufacturing headquarters, said there is now a "strong possibility" that it will reduce work and pay at some plants.
Toyota is considering a schedule in which some workers would work 72 hours in a typical 80-hour, two-week period.