May. 15, 2024
Honda Moves To Cut China Workforce With 1,700 Voluntary Layoffs
AsianFin--Honda Motor is scaling down its full-time production workforce in China, with roughly 1,700 employees having agreed to leave thus far, the Japanese automaker said on Wednesday, as its car sales in the world's biggest auto market decline. GAC Honda Automobile, a joint venture (JV) between Honda and Chinese state-owned automaker Guangzhou Automobile Group, told workers earlier this month it was seeking to make voluntary layoffs, a Honda spokesperson said.
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