- A transition assistance payment of twenty thousand dollars ($20,000); plus
- An amount equal to two (2) weeks of salary for each completed year of service based on his or her seniority date; plus
- An amount equal to ten (10) weeks of salary.
Corolla, Camry Lead Toyota Sales for 2011
The autosphere is abuzzed of what's called the "Toyota Bounceback". According to Toyota and Automotive News, the Toyota division recorded a healthy 102,996 of the automaker’s 115,856 total sales, an increase of 23.7 percent from the same period in 2010. Leading the way was the refreshed Corolla compact with 20,581 units delivered and with the Camry coming in second, having accounted for 18,145 in sales. Luxury brand Lexus, however, didn’t fare quite as well, Its 12,860 in sales was a decline of 17.1 percent from the same period a year earlier. Although the luxury automaker has nine standalone models in its lineup, Lexus’ RX SUV accounted for nearly half of its sales with 5881 deliveries in January. Scion rounds out the sales, tallying 3275 deliveries last month, an increase of 7.9 percent over the same period last year. Scion dealers moved 1351 of the updated 2011 tCs off their lots during the month, a robust 57.5-percent increase over January 2010. Sounds all good, right? Not quite. Toyota is asking some ten percent of the staff at its Torrance, California, headquarter to consider its voluntary exit package. See below for the full press release. Toyota Motor Sales Statement Regarding Voluntary Exit Package February 1, 2011 - Toyota Motor Sales, U.S.A., Inc. (TMS) today announced it has offered a generous Voluntary Exit Package to Managers in its Automotive Operations Group and Managers in Toyota Customer Services located at TMS Headquarters in Torrance, California. This voluntary program is part of an ongoing process of evaluating our operations and aligning them with our future growth. It will allow for further restructuring and enable us to expand areas of responsibility and increase efficiency. There is no specific target for the number of associates who will participate in this voluntary program. Eligible associates who elect to participate in the voluntary program will be offered the following exit package:
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