UPDATE 1-Toyota to reduce production at UK plant - Nikkei

Newswire

March 26 (Reuters) - Toyota Motor Corp will reduce output capacity of its Derbyshire, UK-based plant in August, the Nikkei business daily reported. The newspaper said that Toyota will shut down one of the two assembly lines and cut capacity by about 120,000 units from 290,000 units. About 750 employees, representing about 20 percent of the workforce, will be offered early retirement, the Nikkei said. The production cut is part of Toyota's efforts to improve profitability at the plant ...

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