Toyota Relocating Corporate Offices To Texas

[BlueStreak]

Originally Posted by JCricket

Some interesting points. I am not sure they are all accurate, but well intended for sure.

I have to ask, is this a good thing that Toyota is moving to texas? I understand that it is for their bottom line. But what about the employees? When should a companies dedication to its employees trump increases to the bottom line? At some point "free market" no longer is free and the people become slaves to the businesses. I can't see when that is ever good. When a business has to move, that is one thing. To me it is a bit unethical to fire a plant full of people so that you can rehire a new group of employees at a lower wage.

I do think you are correct in the reasoning that Toyota did this for income tax, energy cost, real-estate costs, etc. So why not bring the employees with them to texas and share some of the savings with them. Thus they are more competitive and the employees win too? Just a thought

It's not a manufacturing operation. Very few hourly employees involved.

Originally Posted by mpholland

If I get this correctly, these are corporate/management jobs and not manufacturing jobs so the union question is pretty much a moot point. I also get the impression that Toyota was going to move somewhere else to consolidate, no matter what. It sounds like Toyota is going to offer many of their current employees the opportunity to move to Texas and keep their jobs, which could work out even better for the employee as long as they are paid the same.

^What Mark said.^

Originally Posted by BeamOn

Texas to pay $10,000 for each Toyota job relocated
www.marketwatch.com/story/texas-to-pay-10000-for-each-toyota-job-relocated-2014-04-28

This is bribery. I don't believe that the state of Texas is paying this bribe to relocate workers from other states, especially California. Question I would have is if the cost of operation is so much lower than California, why didn't they move on their own rather than be enticed monetarily?

It is a rhetorical question.

Oh, yes, they would. In fact, states have been pitted against each other in the "race to the bottom" just as workers have.

Originally Posted by mpholland

They were going to move on their own. They had already narrowed it down to Denver, Atlanta, Charlotte, or Dallas.
Texas just happened to be willing offer a big financial incentive to boot.

And, that's what it's all about. Thing is, just as it is with workers, once states give so much tax incentive or possibly even start paying companies to locate in their states..........what is to be gained from their presence? Remember the thread about TEXAS crowing about having rapid job growth but struggling to figure out how they are going to pay for the infrastructure to support it? The discussions we've had about the millions of Americans who DO WORK, but can't support a basic cost of living with their wages?

Hello!

Welcome to America in the 21st Century. It's a Brave New World, isn't it?

Dave

[Rajoo]

Originally Posted by BlueStreak

Hello!

Welcome to America in the 21st Century. It's a Brave New World, isn't it?

Dave

Precisely what I was trying to point out. Not a simple cost reduction but a bidding process. Once again governments giving away money that they do not have or cannot afford to in the long run. Hate to be a cynic.

[icenine]

http://www.politicalchat.org/showthread.php?t=7403


As far as Texas is concerned it also has the highest number of uninsured Americans in the United States.

[4-2-7]

The new campus will bring together approximately 4,000 employees from sales, marketing, engineering, manufacturing and finance. That includes 2,000 employees at the current headquarters in Torrance, Calif.; 1,000 employees at Toyota Financial Services, which is also in California; and 1,000 employees from Toyota's engineering and manufacturing center in Erlanger, Ky.


Texas Gov. Rick Perry said the state offered Toyota $40 million in incentives from the taxpayer-funded Texas Enterprise Fund. Perry, who made two visits to California to lure Toyota, said Texas expects Toyota to invest $300 million in the new headquarters.

Toyota said it will donate $10 million to nonprofits and community organizations in California and Kentucky on top of any existing commitments. Those funds will be distributed over five years starting in 2017.

Lentz said Toyota expects to keep more employees than Nissan did because of a generous package of benefits for those who stay. Any employee who wants to move will be given a relocation package and retention bonus, he said. The company is also offering to send employees and their spouses or partners to look around the new locations.

Lentz told employees about the changes Monday morning in a large conference room in Torrance. The announcement was broadcast elsewhere. He said it should help that most employees will have two or three years to plan their moves.

"They understand the business decision. It's a little bit of a shock in the beginning to people. They're trying to understand, what does this mean for me, what does this mean for my job," he said. "We made it very clear to them that we want them to come along with us."

By 1975, Toyota had become the top import brand in the U.S. It opened its current U.S. headquarters in Torrance in 1982.

Toyota sold 2.2 million cars and trucks in the U.S. last year.

Dominique said the placement of the headquarters probably won't have much impact on Toyota's sales in California, which is a critical market for the automaker. The Toyota Prius hybrid was the best-selling vehicle in California last year, and Toyota controlled 22 percent of California's new car market.

"From a consumer's point of view there won't be much change," he said.

http://abcnews.go.com/Business/wireS...3502134?page=2

[BlueStreak]

Dan,

That's the real "Big Picture", you half-wit.

Tell me. Do you really think this is good?

Dave

[BlueStreak]

They don't give a shit about the employee. It's not about the employee.

[bobabode]

Originally Posted by BlueStreak

They don't give a shit about the employee. It's not about the employee.

True dat.

[djv8ga]

The Reverse-Joads of California - http://online.wsj.com/news/articles/...26402863024028