Toyota Motor Corp (7203.T) said on Friday it is offering retirement incentives to about 2,000 U.S. workers, or 10 percent of its employees in the country, in an effort to manage attrition of its aging work force.
About 1,600 workers at the Japanese automaker’s Georgetown, Kentucky plant, or about a quarter of the work force there, are eligible, Toyota spokesman Mike Goss said.
The rest of the eligible employees work at plants and offices throughout the United States, he said.
“We’re trying to spread out the impact of the attrition over some time as opposed to the risk of them all walking away at the same time,” Goss said.
Toyota began hiring people in Kentucky 25 years ago and the plant opened in 1988. The factory builds the Camry sedan, Venza crossover vehicle and Avalon large sedan.
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via Toyota offers retirement incentives to 2,000 U.S. employees | Reuters.
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