Quote:
Originally Posted by RichinRidgewood
40% reduction is a lot.
There will be a lot of layoffs and probably any other car company would go into bankruptcy with a reduction like that.
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I used to live near the Georgetown plant, and they have paid employees through all of the shutdowns. I believe the second COVID shutdown they paid 4 out of 5 days off, but still paid.
I would think US factories will be the hardest hit, based on the supply changes Toyota made after the tsunami.