Financial Times FT.com

Toyota cuts 800 jobs after Lexus sales slide

By Jonathan Soble in Tokyo

Published: August 5 2008 18:26 | Last updated: August 5 2008 18:26

Toyota has eliminated 800 jobs at a factory in southern Japan that makes Lexus sport-utility vehicles and luxury saloons for export, as the deep downturn in the American market hits its premium brand.

Toyota Motor Kyushu, a wholly owned Toyota subsidiary, said on Tuesday it had cancelled contracts with 450 non-permanent workers at the weekend after eliminating an initial 350 positions in June.

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