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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Showing posts with label Honda Motor Co. Show all posts
Showing posts with label Honda Motor Co. Show all posts
Thursday, February 12, 2009
Friday, January 16, 2009
Bad News From Honda
This morning Honda Motor Company of Japan announced another round of layoffs. This is in response to the world's decreased demand for new cars. The company said that it will cut 3,200 jobs, by April 2009. This will reduce to zero the number of temporary workers that are employed by Honda. This round comes as a followup to a previous announcement of a reduction of 1,200 jobs.
This leaves Honda as the 2nd largest automaker in Japan with an estimated world wide employment of 185,000. In addition production has been slashed by an additional 56,000 vehicles. Plans are now to build a total of 1.168 million vehicles.
It looks like none of the automakers world wide are able to maintain their original production plans in light of the world-wide economic slump. However, the Japanese companies seem to be effected less than their American counterparts.
More details on this announcement at:
http://www.google.com/hostednews/ap/article/ALeqM5gL5HE039vkHpg9aq58eSVYOZBVbgD95O5KQO5
Comments or E-mail me
Honda Accord Performance Parts
Honda Accord Appearance Parts
Thanks for visiting.
This leaves Honda as the 2nd largest automaker in Japan with an estimated world wide employment of 185,000. In addition production has been slashed by an additional 56,000 vehicles. Plans are now to build a total of 1.168 million vehicles.
It looks like none of the automakers world wide are able to maintain their original production plans in light of the world-wide economic slump. However, the Japanese companies seem to be effected less than their American counterparts.
More details on this announcement at:
http://www.google.com/hostednews/ap/article/ALeqM5gL5HE039vkHpg9aq58eSVYOZBVbgD95O5KQO5
Comments or E-mail me
Honda Accord Performance Parts
Honda Accord Appearance Parts
Thanks for visiting.
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