Toyota is imposing a pay freeze on its 4,500-strong British workforce and has told managers they will not receive a bonus this year.
Toyota, which prides itself on avoiding compulsory redundancies, said it would hold further talks with employee representatives next month over whether to move to a shorter working week or opt for a temporary halt in production. It is seeking to cut labour costs by around 10%.
Toyota employs almost 3,900 people at its Burnaston plant in Derbyshire and almost 600 at its Deeside facility.
The Toyota announcement underlines the tough times facing the car industry and follows a series of job losses and production cuts. This week has already seen 850 job loses at BMW's Mini plant near Oxford and 560 jobs cuts at components maker GKN in the West Midlands.
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