As if the poor fellas at Toyota didn’t have enough on their hands with this massive recall, hearings in Washington and cars that just won’t get fixed. Now the car company is giving away $250 million to workers at a soon-to-close plant in California.
The Fremont, Calif., plant, which employs 4,700 workers, had been a joint venture between Toyota and General Motors, but GM pulled out last summer as they struggled with bankruptcy and the Japanese car giant subsequently announced it would end operations there on April 1.
The $250 million is for bonuses to salaried and hourly workers at the plant, which manufactures Corolla cars and Tacoma trucks.
According to a recent study, the plant’s closure will have a ripple effect that will ultimately eliminate 25,000 jobs in California and lose the state $1 billion in revenue over the next decade.
Toyota to Pay California Plant Workers $250 Million [Business Week]