Grateful for the big sales that it has made towards the end of the year, Toyota has decided to give back $18 million to the Australian government. This sum of money represents the worth of JobKeeper payments.
When the pandemic hit Australia, Toyota’s sales dropped by 50% and because of that, the car manufacturer has decided to qualify for JobKeeper in mid-2020. Although nobody (and not even the management) expected it, Toyota made huge sales in the fourth quarter of 2020. The car manufacturer sold over 66,000 vehicles in Australia, and that is 30% more compared to the same period in 2019.
Toyota president and CEO, Matthew Callachor, has stated that the car manufacturer approached the Australian Taxation Office in December to return the money.
“Like most businesses, Toyota faced an extremely uncertain future when the COVID-19 health crisis developed into an economic crisis that even led to dealerships closing for extended periods in Victoria and Tasmania. We claimed JobKeeper payments to help support the job security of almost 1,400 Toyota employees around Australia.”
For 18 consecutive years, Toyota is the best-selling brand in the country.
“In the end, we were very fortunate to weather the storm better than most, so our management and board decided that returning JobKeeper payments was the right thing to do as a responsible corporate citizen,” Mr. Callachor said.