Honda’s team: Honda recently shared news about letting go of around 900 contract workers in China due to a drop in production. The company explained that this is happening because more people are switching to electric cars, especially in China, which is the world’s biggest car market.
These contract workers were hired through agencies for Honda’s partnership with China’s Guangzhou Automobile Group.
The reduction in the workforce represents about 7% of the total employees in the joint venture, which is around 13,000 people. However, Honda didn’t specify which car models would be affected by this production cut. More info about Honda’s team in China recently let go of 900 contract workers.
Toyota also had to stop production on some older assembly lines in China because sales weren’t doing well.
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Honda, being Japan’s second-largest carmaker after Toyota, is facing challenges in China. The company’s production in China has dropped by about 20% in the first 10 months of this year compared to the same period last year.
Even though Honda sold 3.2 million cars globally from January to October, with good demand in the United States, sales in China, which make up 30% of the total, fell by almost 20% from last year.