And the businesses their employees patronize also will be hurt after the job cuts. It's a painful cycle.
Toyota supplier AW North Carolina offers buyouts to all 1,100 employees(Triangle Business Journal) Auto-parts maker AW North Carolina has offered buyouts to all 1,100 of its employees in the hopes that 500 will choose that option and bring the Toyota supplier's head count in line with the slumping auto industry.
The employees all work at the company's 830,000-square-foot facility in Durham's Treyburn Corporate Park, which makes transmissions, oil pumps, torque converters and other products for Toyota, the world's largest car maker.
AW North Carolina said Thursday that its goal is to reduce its head count in Durham by 500 and that it hopes to reach that number through voluntary separations. Some employees already have accepted the deal and left the company, AW North Carolina said.
The company said the decision to cut its head count stems from a projected drop in production needs for the rest of this year and into 2010.
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