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Toyota Looks Inside for Rising-Star Managers
Toyota Motor Corp. plans to shed 60% of its top-level executives in Japan in January to make way for younger talent, The Nikkei says.
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Toyota Motor Corp. plans to shed 60% of its top-level executives in Japan in January to make way for younger talent, The Nikkei says.
The newspaper says the carmaker will eliminate more than half of its current array of 55 executives by dropping the title of managing officer in 2019.
The Nikkei says Toyota aims to identify more than 2,000 relatively young, high-potential employees. This group will define a new “flexible class” of managers—some less than 45 years old—who can be tapped to run in-house companies without scaling Toyota’s traditional seniority-based hierarchy.
Toyota traditionally has awarded senior management jobs entirely on the basis of seniority. But one official tells the newspaper the company wants to take better advantage of its existing talent pool, regardless of age, to help cope with the industry’s upheaval.
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