Thousands of jobs to go at Toyota Australia
TOYOTA Australia has released a statement this afternoon saying it expects its workforce will reduce from 3,900 people to around 1,300 by 2018.
This includes the loss of manufacturing and corporate jobs and the creation of some new roles.
The announcement comes as the company talks about its future plans for when it stops manufacturing and becomes a national sales and distribution company.
The company will consolidate its corporate functions to Melbourne, impacting its operations currently located in Sydney. The head office will continue to be based in Port Melbourne and most of the Altona manufacturing site will be retained for new and relocated functions.
There will also be a significant reduction in corporate support roles and the four Toyota Parts Centres located throughout the country will undergo major reform to improve global competitiveness.
Toyota Australia President Dave Buttner said that the decisions announced today were not made lightly and were based on an extensive evaluation process.
"This year has been extremely tough for everyone at Toyota Australia," Mr Buttner said.
"We understand that it is a difficult time for many of our employees and we are committed to supporting them during the transition period.
"These changes will provide us with the best opportunity to have a strong and sustainable base for the next fifty years and beyond."