Toyota to end vehicle manufacturing in Russia
· Following six months of suspended operation the company sees no way to restart production in the future
· An optimised organisation will be retained in Russia to support the network in providing ongoing service to existing Toyota and Lexus customers
· Employees to be offered assistance for re-employment, re-skilling and well-being in addition to financial support above legal requirements
Brussels, Belgium – September 23rd
Toyota has decided to end vehicle production at its Saint Petersburg plant in Russia.
On March 4th we had to suspend manufacturing operations at our plant in Saint Petersburg due to the interruption in supply of key materials and parts. Since then, we have been closely monitoring the situation and evaluating the future sustainability of our business in Russia.
During this period, we have fully retained our workforce and ensured our facility was ready to re-start production if the circumstances allowed. However, after six months, we have not been able to resume normal activities and see no indication that we can re-start in the future.
The decision to terminate production of Toyota vehicles in Russia is not one that we have taken lightly. Over the last 80 years we have developed our business and our brand with the support of stakeholders around the world. We must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that we can pass them on to the next generation.
We have also determined that our operations in Moscow need to be optimised and restructured – with the clear objective of retaining an effective organisation to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.
We would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, we will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements.
For more information, please contact:
Mr Robert Tickner - firstname.lastname@example.org
Mr Paul Greaves - email@example.com
Mr Naoki Yonekawa - firstname.lastname@example.org
Toyota Motor Europe NV/SA (TME) oversees the wholesale sales and marketing of Toyota, GR (GAZOO Racing) and Lexus vehicles and parts and accessories, as well as Toyota’s European manufacturing and engineering operations. Toyota directly employs over 27,000 people and has invested over EUR 10 billion in Europe since 1990. Its nine European manufacturing plants are located in Portugal, the UK, France, Poland, Czech Republic, Turkey and Russia. Today, there are approximately 16.5 million Toyota, GR and Lexus vehicles on European roads, whose drivers are supported by a network of 28 National Marketing and Sales Companies and around 2,800 retail sales outlets in 53 countries (EU, UK, EFTA countries + Russia, Israel, Turkey and other Eastern European countries). In 2021, TME sold 1,076,300 vehicles in Europe for a 6.4% market share. For more information, visit Facts & Figures (toyota.eu) and www.toyota-europe.com.
Toyota believes that when people are free to move, anything is possible. In the pursuit of "Mobility for All", Toyota aims to create safer, more connected, inclusive and sustainable mobility to achieve its mission of producing “Happiness for All”. In Europe, TME launched the KINTO mobility brand which offers a range of mobility services in 14 countries, and is growing its business-to-business sales of zero-emission fuel cell products and engineering support. Contributing to the UN Sustainable Development Goals, Toyota is working to achieve carbon neutrality in its entire business across Europe. A historic leader in CO2 reduction in Europe, TME aims to achieve 100% CO2 reduction in all new vehicles in Western Europe by 2035 and will continue to offer a full range of electrified powertrains to customers across the region with its hybrid, plug-in hybrid, battery and fuel cell electric vehicles. When it comes to sustainability, Toyota is committed to going Beyond Zero.