Toyota city feeling effects of recession

Even the world's No. 1 automaker can't escape cutbacks in economic downturn
|hrreporter.com|Last Updated: 06/04/2009

While auto manufacturer Toyota hasn't yet resorted to layoffs, the city that bears its name in Japan is beginning to feel the pressure of the global recession.

The number of people looking for jobs in Toyota city has nearly tripled to more than 2,600 a month from about 1,000 a month last year. Job openings have shrunk to one-third of last year's numbers and are mostly in the service sector such as restaurants and homes for the elderly.

Toyota city, with a population of 400,000, during boom years attracted people from all over Japan as well as from as far away from Peru and Brazil, in search of lucrative work at the world's No. 1 automaker.

The company hasn't laid off any workers yet but has recently reduced temporary workers at all Japanese plants to 3,000 from a high of 9,000 last March.

But many jobseekers in Toyota city are holding out hope the auto giant will recover, as job prospects elsewhere in Japan are even more dismal.

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