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Archive Home > 2009 > February > 15 > Toyota to cut pay, offer buyouts in U.S.

Toyota to cut pay, offer buyouts in U.S.


February 15, 2009

NEW YORK — Toyota Motor Corp. says it is reacting to the slump in U.S. auto sales by further cutting North American production, slashing compensation for executives in the region by up to 30 percent, and offering buyouts to about 18,000 workers. The company will cut production days at....

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