Toyota Motor Corp. said Wednesday it will increase the number of new employees it hires for fiscal 2002 due to brisk production, its first such expansion in three years.
Toyota will recruit 1,730 workers for fiscal 2002, which starts April 1, 2002, the company said. This will constitute an increase of 170 from the previous fiscal year, it said.
The company will add to the number of production-related technical workers at its plants and take on more university graduates to develop technology, such as intelligent transportation systems.
Toyota will increase its number of university graduates by 65 to 430. Of these, 90 will be administrative personnel, while the rest will work in technical sections.
The automaker will hire 220 graduates from technical colleges, junior colleges and vocational schools, down 32 from the previous year.
It will employ 810 high school graduates, up 125 from the previous year.
Denso in Saudi Arabia
NAGOYA (Kyodo) Denso Corp., an auto parts maker affiliated with Toyota Motor Corp., said Wednesday it has established a joint venture in Jeddah, Saudi Arabia, to produce air conditioners for automobiles.
Total investment in the project is estimated at 250 million yen.
The new company, Denso Abdul Latif Jameel Co., will produce 20,000 car air conditioners annually beginning in October to supply Abdul Latif Jameel Co., Toyota's sole distributor in Saudi Arabia and Denso's partner in the joint venture.
The venture, Denso's first manufacturing outlet in the Middle East, is capitalized at 200 million yen, equally split between the two partners.