Skip to comments.BREAKING: Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas
Posted on 04/27/2014 4:52:00 PM PDT by Extremely Extreme Extremist
Californias inhospitable tax policies may have struck again, this time costing Los Angeles one of its largest employers. According to multiple sources close to the situation, Toyota will be relocating its US headquarters from the LA suburb of Torrance to Plano, Texas.
The company has yet to notify its employees of the news, but is expected to do so Monday, followed by a public announcement. While its unlikely that Toyota, which is ranked 8th on Fortunes Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating in California both on the corporation and its employees personally played a major role.
A number of early stage entrepreneurs, including Pando contributor Bryan Goldberg, have discussed publicly their decisions to start companies outside of California. Now, it appears that frustration has moved its way up the economic food chain.
(Excerpt) Read more at pando.com ...
Another good reason to log in to Free Republic.
Hahahahaha! [gasp] Hahahahaha!
Its about time
No kidding, why would anyone want to live next door to a mugger?
Yay. We get 5000 more union thugs.
They won't because Toyota is Japanese and Japanese are polite. Plus they have a lot of business interests in California which would be the targets of retaliation if they did.
Most likely they will offer most of their employees the chance to move to Texas with them, including generous relocation packages for key employees. I'm betting that in today's crappy economy, a larger number than normal will seize this opportunity to bail on California as well.
This is gonna be good. Would not surprise me if the state of Kalifornia tries to stop them or extract more money from them.
And the unions? Their heads are exploding.
It’s a good day when MARXISTS get their asses handed to them.
Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...
Wow...the stupid is strong with these people..
What is Pando Daily?
Never mind. Bloomberg also has this....
Yay. We get 5000 more union thugs.
What makes you think corporate hdqts personell are union thugs?
Agree. This Texan asks that they leave ALL lib workers in CA.
Who says they have to stay union? Like the VW workers in Tennessee, they can leave.
Who can blame them?
I guess we should we thank Governor Rick Perry for helping make Texas blue. :-P
I am sure most of the libs will prefer to stay in California.
Yeah it breaking on KCBS 2 right now LOL!
Remember your economic multiplier effects too.
5,000 jobs at Toyota support a good number of service jobs, both servicing Toyota, and also Toytota employee spending which supports jobs in places such as grocery stores, coffee shops, gyms, health clubs, hairdressers, department stores, you name it.
So, if 5,000 jobs are moving out of state, it’s possible that about 8,000 jobs total will be lost due to this move.
You have to explain this one, I'm clueless. You are presuming their California office staff is unionized? I know none of their factory employees here in Indiana are unionized.
I read in the WSJ this weekend that when California “Cap & Tax” really gets going in the out years, the tax burden on business will skyrocket.
These are white-collar employees. I don’t think Toyota has manufactured in CA since the plant in Fremont shut down in 2010.
Rick’s fault........ go rick!!
I bet our carbon trading/tax scheme has a lot to do with it.
Thanks Extremely Extreme Extremist.
You make a good point. Whether Toyota brings workers with
them or more people from all over the place move to Texas,
the reality is that population increases bring liberalism.
Conservatives in Texas may one day rue the name “Perry”.
In California we learned the hard way.
Jobs bring conservatives.
People without jobs means liberalism.
Jobs = conservativism.
I relocated to Texas to save my job.
The first politician to which I wrote a letter was Goldwater (I was in first grade & remember the rallies/speeches in Orange County ).
I am happy to live in a Texas county that is one of the most conservative in the nation.
I feel like I have come home :)
I am doing my part to keep Texas from turning blue.
Not all californios are blue/libs/union thugs.
What is scary is that as liberals leave California, they are replaced by people who make it even more liberal.
“This is gonna be good. Would not surprise me if the state of Kalifornia tries to stop them or extract more money from them....”
You’re right, the leftists will try to fight this—like the NLRB did to try to stop Boeing from setting up an assembly plant in South Carolina.
I guess Toyata wasn’t too impressed with California’s high speed train effort.
Leftists are REDS.
Note well it is a headquarters move and I’m thinking Kalifornia took a bite out of their total US revenue. At some point stockholders are going to demand this of ANY corporation headquartered in Kalifornia, Illinois, and New York, to name a few tax and spend locales.
I was referring to powdermonkey’s description of the color...
Seems every so often the colors on the presidential election map get switched ....
So, to keep from any confusion, I will refer to the current condition of Texas as Conservative (with a couple big city pockets of liberal) and California as Liberal (with the non city areas being Conservative).
I am a conservative who escaped the liberal part of California and found refuge in Texas.
Hey left wingers . . . people and companies “vote” with their feet and their wallets
Liberalism is truly a mental disorder
This was done on Election Night 2000 by the leftist media. It’s pure Orwellian newspeak. Our side should’ve rebuked the mislabeling the moment they started it. We let the left get away with controlling the language and we wonder why we’re losing the war.
“I am happy to live in a Texas county that is one of the most conservative in the nation.”
Which county is that, if I may ask? I’m looking to move to Texas next year, and want to avoid blue areas.
While the Democrats own the entitlement and low info votes
they certainly could not win as many elections as they do
if they didn’t get a significant number of employed voters including those in the private sector.
Not quite accurate but it sounds good.
The county is one of the ones north of Dallas.
Avoid the big cities.
If an area has no mass transit/light rail, then it should be OK.. keeps the riffraff out ...
(But then again, Texas is a “shall issue “ state. )
Yup, lucky Texas, they have a good one AND SMART. We have obama thanks everyone that stayed home OR thought that Rick Perry was too dumb.
They’re following Nissan’s footsteps. Nissan ditched California for the Nashville-suburbs.
Those idiot white liberals in California still think they live in paradise while the rest of the country sees it for what it is. A high tax, over regulated, unfriendly to business, economic black hole populated with increasing numbers of low-skilled, illiterate, entitlement mooching third world human debris.
Good for Toyota.