Toyota to halve recruitment in 2009

The hiring cut is aimed at reducing personnel costs to deal with falling earnings at the nation's top automaker, which is suffering from a slump in global sales, the report said, quoting unnamed sources.

It will be the first time in seven years that the major Japanese automaker hires fewer than 2,000 full-time employees, and compares to about 3,600 full-time workers Toyota is taking on this financial year, the Nikkei said.

Toyota has also slashed thousands of temporary jobs as it braces for its first ever loss.

Source: AFP

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