* Toyota offers buyouts to U.S. managers
* Automaker says cost-cutting response to market change
DETROIT Feb 1 Toyota Motor Co (7203.T) said on
Tuesday that it had offered buyout packages in a bid to reduce
the management staff at its U.S. sales headquarters in
The move was the first time that Toyota has moved to cut
workers at its U.S. sales and marketing operation and comes as
the company struggles to restore momentum in the United States
after a damaging series of safety recalls last year.
Toyota was the only major automaker to post a sales drop in
2010 and its sales gain of 17 percent in January only kept pace
with a recovering U.S. auto market.
An e-mail notice sent to 629 managers at Toyota Motor Sales
on Tuesday said the cost-cutting was needed because of the
automaker's need to adapt to a changing industry.
"As you know, the world and the automotive industry have
changed dramatically over the past few years and we need to
continue to align our staffing and organizational structure to
fit our future needs and growth," the memo said.
Toyota spokesman Steve Curtis said the automaker had no
specific target for the number of workers it was looking to cut
through the program.
Toyota's U.S. sales headquarters employs about 6,100 and is
based in the Los Angeles suburb of Torrance.
Toyota employees are being offered a $20,000 payment plus
two weeks of pay for each year of employment and an additional
10 weeks of salary to leave.
The offers are open until March 31, the end of the Japanese
fiscal year. Workers who chose to take the offer will leave
Toyota in April.
The unprecedented buyout offers at Toyota were first
reported by the trade publication Automotive News.
(Editing by Carol Bishopric)