Business
Toyota To Engage Temporary Workers
About 1600 temporary workers are to be engaged in the operations of Toyota Motor Company this month as part of its sales recovering agenda.
Toyota, one of the largest auto makers in the world had stopped recruiting such workers since June, 2008, as it slashed production to cope with a plunge in demand.
The company according to on-line report, August this year, had about 1,300 contract workers in Japan, and is set again to recruit other employees this October.
A statement from Toyota posited that the decision of the company to reflect gradual recovering world wide on automobile sales, was spurred by government incentives aimed at reviving the economy.
The workers would be initially hired for up to six months, as temporary employees make up an increasingly large share of the Japanese workforce, following the deregulation of the market in recent years.
Already, vehicle sales in Japan have risen since August 2009, for the first time in 13 months, while the global production for the company was down by 8.7 per cent in August, and the production stood at 508, 673 vehicles.
That number shows that it was better than a 20.1 per cent drop in July. The company also registered a domestic sale up to 92,621 in August, which is 9.5 per cent.
Corlins Walter
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
News3 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta1 day agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation1 day agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Sports1 day agoSimba open Nwabali talks
-
Niger Delta1 day ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta1 day ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Transport1 day agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Oil & Energy1 day agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
