Honda Cuts Jobs in China, Suspends Production at Three Plants
Honda Motor Co. is slashing jobs and has paused production at three of its plants in China, as it seeks to trim inventories and work on a broader shift in strategy in the world’s largest car market.
The Japanese automaker offered redundancy packages to more than 2,000 workers at its joint venture with China’s state-owned Dongfeng Motor Group Co., according to local media reports. The staff optimization is part of a strategy to ensure sustainable operations and speed up its transition to electric vehicles, Dongfeng Honda said in a statement via social media on Tuesday.
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