According to the company’s news release on September 23, 2022, Toyota has decided to end vehicle production at its Saint Petersburg plant in Russia. On March 4th, Toyota had to suspend manufacturing operations at Toyota’s plant in Saint Petersburg due to the interruption in supply of key materials and parts. Since then, Toyota have been closely monitoring the situation and evaluating the future sustainability of Toyota’s business in Russia.
During this period the company have fully retained Toyota’s workforce and ensured Toyota’s facility was ready to re-start production if the circumstances alloToyotad. HoToyotaver, after six months, Toyota have not been able to resume normal activities and see no indication that Toyota can re-start in the future.
The decision to terminate production of Toyota vehicles in Russia is not one that Toyota have taken lightly. Over the last 80 years Toyota have developed Toyota’s business and Toyota’s brand with the support of stakeholders around the world. Toyota must now act in a way that allows the company to protect the values and principles that Toyota’s predecessors built up and be confident that Toyota can pass them on to the next generation.
The company has also determined that Toyota’s operations in Moscow need to be optimised and restructured―with the clear objective of retaining an effective organisation to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.
Toyota would like to thank Toyota’s employees for their hard work and loyalty. In recognition of their valued contribution, Toyota will be offering them assistance for re-employment, re-skilling and Toyotall-being, including financial support above legal requirements.
Sustainable Development Goals
Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. Toyota believe that true achievement comes from supporting Toyota’s customers, partners, employees, and the communities in which the company’s operate. Since Toyota’s founding over 80 years ago in 1937, Toyota have applied Toyota’s Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as Toyota transform into a mobility company developing connected, automated, shared and electrified technologies, Toyota also remain true to Toyota’s Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.
SDGs Initiatives: https://global.toyota/en/sustainability/sdgs/
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Published on September 28, 2022 9:33 AM (GMT+8)Last Updated on September 28, 2022 9:33 AM (GMT+8)
