Toyota relocation to Burnaston Flashcards
3 causes of relocation
1992 EU quota means necessary to fulfil demand
Burnaston has skilled and productive labour force, lower cost than Japan
Burnaston offered £20million investment into plant construction of A50 and Japanese added to curriculum w/ assistance in population relocation
6 advantages/successes of plant
ASS+A50 roads built
Lean production instead of mass prevents deflation
Multiplier effect from £250million wages injection
Benefits UK periphery firms as 80% of manufacture process done with local materials as part of EU agreement
Corporate responsibility means 17,000photovoltaic panels
1million hybrid cars sold in Europe represents environmental benefits
Issues with plant
60% of Toyota’s exported causing GB manufacture to suffer
Since introduction Ford, Vauxhall and Rover have gone bankrupt
Loss of Japanese jobs
Criticism of Toyota blame for UK car industry failure
GB manufacture failure can be attributed to poor efficiency and therefore elimination ‘creative destruction’