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.
One of the highest-rated shows on National Public Radio is This American Life, which does deep-dives into weekly themes, exploring subject matter from different angles while always leaving the listener enriched. This past Sunday, the show spent an hour going over the Toyota/General Motors joint venture in California, the NUMMI facility that will be shutting down this week.
Thanks to the hard work and solidarity of the United Auto Workers union, Detroit automakers have for years known that it is extremely expensive to offer early retirements, entice workers to walk away from their jobs or permanently close the doors at a plant. And even though NUMMI is an independent company, Toyota, too, is now fully aware of the financial pain involved in mothballing a factory for good. The Freemont, California NUMMI plant became expendable after General Motors cut ties with the
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models