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Thursday October 1, 02:18 AM
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Source: Indian Express Finance
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Toyota to hire 1,600 contract employees
By Press Trust of India
Japanese auto maker Toyota Motor Corporation will be hiring 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering. The car maker, which has been severely hit by the global financial turmoil, on Wednesday said the hiring of 1,600 fixed-term employees would begin next month.
"The decision to increase the number of contract employees reflects future production plans, against a backdrop of gradually recovering automobile sales worldwide encouraged by tax-incentive and subsidy programs implemented in various countries," the car maker said in a statement.
Auto makers have seen a steep decline in sales as consumers cut down on spending in the wake of the financial turmoil. Many entities also resorted to job cuts to bring down costs.
