Report: Toyota to cut management board in half

Toyota is in the process of reevaluating the structure of its highest level of management. Eight years ago there were 58 board members running the show before Toyota cut the group down to 27. Now Toyota is planning to reduce its board further by dropping its membership to 17.

After a 2010 filled with recalls and court dates, Toyota is preparing to re-focus its efforts and cutting the number of board members will allow for decisions and actions to be realized far more quickly. The automaker will reportedly announce the cuts ahead of its April shareholders meeting.

[Source: Bloomberg]

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