Japan's number 2 automaker has announced plans to cut its workforce in Japan and to further reduce production.
Honda is cutting all of its remaining temporary workforce, which is approximately 3,100 workers. The automaker had already cut 1,200 temporary jobs.
In addition Honda has announced plans to reduce production in demand by another 56,000 units. Honda now plans on producing 1.168 million vehicles in Japan for the fiscal year ending March, down from its initial plan of 1.31 million vehicles.
Nissan has also announced plans to reduce its temporary workforce to zero by March and Toyota is going to cut its numbers by half.
Full Story: Detroit News
Related Stories:
Toyota to Cut More North American Production
| « Previous | Next » |
Around the Web:
Comments (8)
Imports getting hammered as well.
Funny thing the only company riding high is Ford. Makes you wonder what they would have done with some of that money being passed around.
Posted by Sandman | January 16, 2009 11:11 AM
Posted on January 16, 2009 11:11
So, not just American cars suffering eh? huge cuts in production already, thousands in layoffs. Toyota, Nissan, Honda, etc..
At this rate, they will be asking for a bailout soon.
Go Ford.
Posted by sparky | January 16, 2009 12:42 PM
Posted on January 16, 2009 12:42
I wonder how this will effect Noya's impor ego.
Posted by 426Hemi | January 16, 2009 10:31 PM
Posted on January 16, 2009 22:31
Realistically, Ford is not flying high. They seem best positioned to turn it around compared with GM and Chrysler, but they are still bleeding cash rather badly. Honda and Toyota are nowhere near as in bad shape.
But yes, all the manufacturers are feeling a bite right now cause so few people are buying cars.
I think Ford is going to be ok. They started smacking their union down a few years ago and they took their really big losses when during that time when they were still selling a lot of vehicles.
Posted by zippy | January 17, 2009 7:49 AM
Posted on January 17, 2009 07:49
Ummmmm, Fords sale are down 32% this year while their market share did go up by 0.7%. I would hardly call that flying high.
We are just at the beginning of this downturn. Its going to get a whole lot worse before things get better.
Posted by RX-7 Guy | January 18, 2009 9:30 AM
Posted on January 18, 2009 09:30
Hmm.... four days and still no comment from Noya. He must be reeeeeeeeeeally ashamed about this.
Posted by 426Hemi | January 20, 2009 7:35 PM
Posted on January 20, 2009 19:35
@ Hemi
I see that Fast & Furious: Tokyo Drift has been on cable this week. That may explain it.
Posted by Trooper Bri | January 20, 2009 7:50 PM
Posted on January 20, 2009 19:50
@Trooper Bri
I don't think so. That movie ends with a 350Z loosing to a Mustang.
Posted by 426Hemi | January 20, 2009 8:11 PM
Posted on January 20, 2009 20:11