Filed under: Plants/Manufacturing , Toyota , Earnings/Financials Toyota’s decision to move its US headquarters from its longtime home in Torrance, CA, to Plano, TX, was one of the biggest stories in the automotive industry this spring. With several months since the announcement, more details about the plan have leaked out. It seems that pulling up stakes could mean an even larger shakeup in the Toyota workforce than first thought. According to Automotive News , Toyota intends to hang onto around 50 percent of its workforce in the move to the Lone Star State . However, even that figure might be optimistic. According to an unnamed insider speaking to AN, there is a fear the actual number could be closer to 30 percent. For comparison, Nissan retained about 42 percent of its workers in its move from California to Tennessee. The actual percentage making the move is a mystery because Toyota is still rewriting its job descriptions under a single set of guidelines. The changes affect benefits, bonuses and the reporting structure, according to Automotive News , and employees’ reactions could play a big role in who decides to go. According to an unnamed worker speaking to AN, the wait is hurting morale.
Filed under: Hirings/Firings/Layoffs , Toyota According to multiple sources familiar with the matter, Toyota is poised to announce Monday that it is restructuring its US operations, which may include plans to relocate some of its operations to Texas. Toyota Motor Sales has been located in California since 1957, and is responsible for North American sales, marketing, and distribution for Toyota, Lexus and Scion . According to Toyota literature, its Torrance operations presently employs 6,156 workers and represents a $2.3-billion investment. Workers in Toyota’s Torrance offices were abuzz about the possible relocation to Texas. One young offspring of a Toyota employee even posted to Twitter that her parents warned about the upcoming move, and she said she’s refusing to go. Rumors at one point had Toyota settling in Richardson, TX, just outside Plano. But Autoblog talked to Richardson Mayor Laura Maczka, who said she would be thrilled if that were true, but has not heard anything on the subject. Autoblog also emailed with Bill Sutherland, a city councilman in Torrance, CA, who said, “To date the only info I have is what I have read in the paper expecting a press release Monday.” If the automaker moves its operations to the Lone Star state, the transition is expected to take place in waves over two to three years. It is not immediately clear when the transition will begin, or if Toyota Financial Services also plans to relocate its operations – a division that employs a further 3,286 workers. It is also unknown how many employees will be offered assistance packages, should this move to Texas actually happen.
TORRANCE, Calif. (Sept. 17, 2013)– You can spot Toyota associate Ryan McMullan on his way to the Torrance campus cafeteria everyday – he’s the one carrying a reusable cup and plate for his lunch.
Toyota Financial Services Awards New Toyota to Boys & Girls Clubs of America’s National Youth of the Year Winner
May 21, 2013 – Torrance, Calif.– Toyota Financial Services (TFS), as part of its Making Life Easier for YOUth initiative, recently awarded a new Corolla to the 2012-13 Boys & Girls Clubs of America (BCGA) National Youth of the Year Winner Trei Dudley.
Toyota Financial Services Announces Expansion of Its ‘Making Life Easier’ Scholarship Program to $1 Million
Aug. 9, 2012 – Torrance, Calif. – Toyota Financial Services (TFS) today announced the expansion of its Making Life Easier scholarship program to $1 million for 2013, which will provide scholarships to underserved students through Boys & Girls Clubs of America as well as other TFS non-profit partners including North High School, All Peoples Community Center, Community’s Child, 1736 Family Crisis Center, and Los Angeles Team Mentoring.
June 28, 2012 – Torrance, Calif. – It may have been old school rap, but Stanford University student Samuel Arnett’s video promoting Toyota Financial Services’ (TFS) College Grad Rebate program won him a brand new 2012 Toyota Corolla S.
Toyota and Lexus Say ‘Welcome Home’ to Troops with Special Financing and Military Rebate Program for All New Toyota and Lexus Vehicles
January 9, 2012 – Torrance, Calif. – As tens of thousands of troops return from overseas deployments, Toyota and Toyota Financial Services (TFS), and Lexus and Lexus Financial Services (LFS) are offering special APRs and rebates to qualified military personnel and inactive reserves through participating dealers.
Toyota Financial Services and Toyota Motor Sales Receive 100% Score on Human Rights Campaign’s Annual Corporate Equality Index
December 16, 2011 – Torrance, Calif. – The Human Rights Campaign (HRC) the nation’s largest gay, lesbian, bisexual and transgender (LGBT) civil rights organization, announced that both Toyota Financial Services (TFS) and Toyota Motor Sales (TMS) have once again received a perfect score of 100 on the 2012 Corporate Equality Index (CEI).
September 14, 2011 – Torrance, Calif. – Scion announced today that its iconic xD five-door urban subcompact vehicle will come standard with Bluetooth
June 28, 2011 – Torrance, Calif. – Scion announced today that its iconic xB urban utility vehicle will come standard with Bluetooth