Japan auto industry seeks to avoid suspending operations, but worker safety priority

Aisin

10/04/2020 07:39

TOKYO, April 10 (Reuters) - Japan's car industry will try to
avoid suspending operations during the coronavirus pandemic, but
worker safety takes priority, said its automakers' association,
adding the industry was considering financial support for
struggling firms.
    Japanese carmakers have suspended some production operations
at home, while most of their plants abroad have been shut as
demand for cars has slumped and lockdowns and "shelter at home"
orders have kept plant employees away from work.
    "So long as there is demand, and it is safe for workers to
work, we would like to see the country's plants remain in
operation," Akio Toyoda, chairman of the Japan Automotive
Manufacturers' Association, told a media conference.  
    He added that the Japanese auto industry should preserve as
many jobs as possible to ensure that automakers and their
suppliers would be prepared to resume full operation for an
eventual recovery from the virus outbreak.
    Toyoda, who also serves as president of Toyota Motor Corp
 7203.T , said that automakers along with vehicle components,
autobody and machine tools makers were considering setting up a
fund to offer financial support to struggling companies.   
    Like their global rivals, Japanese automakers are struggling
to contain the impact of the virus, preserving cash where they
can and seeking additional funding.
    Toyota and Nissan Motor Co  7201.T  have tapped their
lenders for additional credit lines, sources from both companies
have told Reuters.  urn:newsml:reuters.com:*:nL3N2BX1K4

 (Reporting by Naomi Tajitsu; Editing by Michael Perry)
 ((naomi.tajitsu@thomsonreuters.com; +81364411078; Reuters
Messaging: naomi.tajitsu.thomsonreuters.com@reuters.net))