Honda plans to lay off production workers in China, expected to affect 1,700 people.

Honda plans to lay off production employees in China, expected to affect 1,700 people as sales in China decline. Passenger car sales in China fell 5.8% in April. Amidst the intense price competition

Date: May 15, 2567, Reuters news agency reports. Nikkei Asia that Honda Motor plans to lay off full-time production employees in China through a voluntary resignation program. Currently, approximately 1,700 employees have agreed to participate in the project. due to decreased sales in China

GAC Honda Automobile, a joint venture between Honda and China's state automaker GAC Group. Start the voluntary resignation program to leave the company in May 2567.

A Japanese business daily newspaper stated that About 1,700 employees will be affected, accounting for 14% of production employees at GAC Honda Automobile.

According to information from the China Passenger Car Association, Passenger car sales in China The world's largest auto market dropped 5.8% in April 2567 compared to a year earlier. Amidst the intense price competition and consumer warning signs about spending on big items during a shaky economic recovery.

refer : reuters.com

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