Sunday, May 21, 2006

Retiring from Toyota U.S.A.

This is an interesting article about the differences between American automakers and the American operations of Japanese car manufacturers when it comes to their retirees.

All three Japanese companies are anticipating that the ranks of retirees will swell over the next several years. Toyota's American arm, for example, has just 258 retired production workers (G.M., by contrast, has more than 400,000 retirees).

But things will change over the next five years. In 2011 and 2012, a combined 1,700 workers will be eligible for retirement at Toyota — about 6 percent of its current labor force.

—Mellow Monk

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