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Toyota Australia Begins Sackings, Shedding 10 Percent Of Altona Workforce

Toyota Australia has today begun sacking 350 of its Altona workforce. While additional security has reportedly been engaged to oversee the departures, the redundancies are a surprise to no-one. On January 23rd this year, Toyota Australia President and CEO, Mr Max Yasuda announced the redundancies, citing "severe operating conditions", "unsustainable financial returns" and "reduced cost competitiveness".
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