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Toyota offers early retirement to US workers

Toyota has offered an incentive program to a significant portion of its American employees, hoping to lower labor costs and address an aging workforce.

By Andy Stonehouse | Updated on December 03, 2012

While the overall health of the automobile industry has markedly improved in the last three years, with several manufacturers showing record U.S. sales, the companies are all looking to contain their mounting future costs and deal with an aging workforce.

With that in mind, Toyota Motor Corp. announced last week that it would be offering early retirement incentives to about 2,000 of its employees at its U.S.-based plants, where many of its cars and SUVs are assembled for the American market.

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