Toyota to cut 350 jobs nationwide

Toyota Australia will cut 350 jobs due to pressures caused by the high Australian dollar, a union delegate says.

Toyota Australia will cut 350 jobs due to pressures caused by the high Australian dollar, a union delegate says.

Rumours about job losses began circulating after the company announced an address by president Max Yasuda to all staff nationwide at 4pm (AEDT) on Monday.

Toyota spokesman Glenn Campbell would not confirm the job losses but said the annual address would discuss "future focus areas" for the company.

But Charlie Marmara, senior convenor with the Australian Manufacturing Workers Union, said union delegates were told about 3.30pm on Monday that 350 workers would be given compulsory redundancies.

"I'm gutted," Mr Marmara told AAP. "The Australian dollar costs other countries... Other countries can build a car cheaper."

Mr Marmara said the job losses would affect manufacturing and production workers as well as management. He said the union would now negotiate redundancy packages with Toyota.