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Toyota Motor Corporation's (NYSE:TM) Australian unit, the state's biggest car exporter, will trim above a 10th of the workers at its assembly plant subsequent to 21% drop in yearly production in 2011. President of Toyota Motor Australian unit Max Yasuda announced 350 workers face compulsory joblessness at the Altona factory in the southern state of Victoria. The plant uses 3,350 of Toyota's total Australia staff of 4,683 people.

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The unemployment rate in Spain will rise to 19.4 percent this year and 19.7 percent in 2011, the country's central bank has said.

The number of jobless people in Spain has risen to a 14-year high of more than 4.16 million, with the addition of another 35,998 to the unemployment rolls in March, the government has said.

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