The automaker says it may reduce hours at North American plants to cope with 'the worst automotive slump in decades.'
By Ben Rooney, CNNMoney.com staff writerPosted by: Liwin Troy Lee
NEW YORK (CNNMoney.com) -- Toyota Motor Corp. is taking additional steps to scale back production at its North American plants, the automaker said Thursday, in anticipation of worsening auto sales.
Toyota said it will schedule additional "non-production days" in April at certain plants. The company has production facilities in Kentucky, California, Indiana and Texas.
Additionally, there is a "strong possibility" that Toyota will shorten work weeks at certain plants to 72 hours from 80 hours, a program the company calls "work sharing."
"This philosophy of shared sacrifice is the best approach for us, and hopefully will make us a stronger company in the long term," said Jim Wiseman, a Toyota spokesman, in a statement.
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