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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (228554)4/10/2005 5:44:49 PM
From: tejek  Read Replies (1) of 1582879
 
Toyota guarantees its employees full employment through both good and bad times.

Anyone who has worked for a company long enough (IBM is a good example) knows that the word "guarantee" is an unsustainable hoax. What should be said is that the company will do its level best to avoid behaving as though its employees are a commodity to be bought and sold through good and bad economic times..and, the company will manage itself in a competent and responsible way, re: Deming's teachings as CJ has posted.

You are talking about American corps. In Japan, they had a very unusual policy where you were employed for life through both bad and good times. That worked well for a long time but then go into trouble in the 1990s when Japan's growth slowed markedly. Some companies quit the policy but to my knowledge, Toyota still maintains it.

ted
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