It turns out this terrible economy is impacting more and more people. Honda Motor Co in Tokyo just announced that they will hire 40% less college graduates next fiscal year. They are planning to hire 890 graduates for the fiscal year starting in April 2010 compared with the 1,490 graduates the company has committed to hiring for the upcoming fiscal year.
Honda has said it will reduce its domestic temporary work force of 4,300 to zero by the end of April, which I reported on earlier.
The news continues with an early retirement package is being offered to their British workers. No mention of how many of the total 4,500 employed there will receive this offer.
Honda is not alone in cutting back. Nissan the 3rd largest car manufacture in Japan, said Monday it will cut 20,000 jobs worldwide, or 8.5 percent of its 235,000-strong global work force, by March 2010.
The news just keeps on getting bleaker and bleaker. Let's hope that the US stimulus package just announced as being passed, will help the global economy. It's time for some better news.
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