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WSJ: We're Right
by
Jack Baruth
(IC: employee)
Published: April 28th, 2014
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Our article on a prospective Toyota Motor Sales move to Texas now has some support from the Wall Street Journal.
The company confirmed that it was restructuring its marketing organization. It said employees “whose positions are significantly different in the new organization have been provided with several options, including applying for opportunities within the new marketing organization or in other departments at TMS or Toyota Financial Services.”
Toyota said it was also offering redundancy packages to employees. The reorganization is set to take effect Thursday, the company said.
More news as it’s available.
Jack Baruth
More by Jack Baruth
Published April 28th, 2014 12:37 AM
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From one urban sprawl to another. Much hotter in the summer and colder in the winter. I'm sure the transplants will watch their salaries creep to the local level. But they will be able to buy a lot more house or own more of their house in Plano. I'd rather live in Plano Illinois. But that's just me.
No state income taxes, incentives, Texas is bid'ness friendly. They'll love it here.
Steve Brown at The Dallas Morning News actually practiced some journalism on the Toyota story and filled in a lot of details. He made some phone calls and determined that Toyota is going to build a huge office complex on the order of 1 million sqft. in the Legacy West business park at the SW corner of TX-121 and the Dallas North Tollway. That appears to be a larger move than just the sales organization. http://www.dallasnews.com/business/autos-latest-news/20140427-toyota-to-move-u.s.-headquarters-to-plano-sources-say.ece
I know this is the car enthusiast equivalent of coming out on-stage at a southern baptist revival, but seeing the picture at the top makes me really miss my old Tercel.