When Toyota shuttered its NUMMI plant for good at the end of March, over 4,700 workers lost their jobs. The Japanese automaker softened the blow of those lost jobs by forking over $281 million in aid, or about $60,000 for every worker at the plant. Daily Markets now reports that the federal government is stepping in to add a a bit more scratch to help the NUMMI workforce find new work. The $19 million emergency fund cash infusion will be used for training and other support.
New United Motor Manufacturing Inc.
The present Toyota recalls have been garnering a vast amount of media attention, but no one has forgotten about the automaker's earlier decision to end its production contract with California's New United Motor Manufacturing Inc. (NUMMI). Just recently, Toyota issued a press release stating it will commit $250 million to support the NUMMI plant closure that, as we reported earlier, will mean a direct loss of 5,400 jobs and up to 50,000 jobs at suppliers and other supporting businesses. Don't bla