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Update: Later today Toyota released a statement refuting the claim that it would be moving any of its operations. Toyota has no plans to relocate any of its departments from where they currently stand. It will continue to find ways to further improve its efficiency.
Toyota Motors may soon be moving some of its workforce out of California. The Japanese automaker is eyeing its Kentucky and Michigan sites for the relocation.
The move would be made in an effort to cut costs, as the Michigan and Kentucky sites offer more affordable office space and lower wage expectations. During reorganization, the company is looking to relocate its accounting, product planning, and travel and data centers. The move would place the departments closer to the company’s North American engineering and assembly sites. The departments currently reside in Los Angeles. However there are no plans to completely pull out of California as Nissan Motors did in 2006.
The company is looking to reduce its spending after a 26-percent decrease in sales over the first ten months of the year. “There’s heightened emphasis on finding new efficiencies,” said Bob Daly, vice president for Toyota’s U.S. sales. Nearly 200 managers may be persuaded into early retirement as a result of the cost cuts.
Bloomberg reported that details of the proposed move will be finalized over the next few months.
Source: Bloomberg
I live in Kalifornia, Toyota move your operations to another state that has fewer restrictions, & lower taxes. Continue the trend like so many other companies that “were” in Kalifornia.