Honda & Mitsubishi Layoffs Job Cut: fire 4900 employeesin total: Finance Trading Times

Honda & Mitsubishi Layoffs Job Cut: fire 4900 employeesin total

No one seems to be shielded from the effect of recession. The worst hit seems to be the automobile sector. It was intially the US based auto companies to go for a demand of bailout package and now its the Asian counterparts in Japan to take preventive measures.It the Honda and Mitsubishi Company, which have decided to go for the layoff. The latest one to add to the list is, Honda & Mitsubishi which are going for layoffs. Honda Mitsubishi Layoffs

How many employees will be fired in the Honda and Mitsubishi layoffs?
There will be around 4900 job cuts by the company. Honda is reported to fire 3100 temporary employees and Mitsubishi will cut 1800 employees jobs.

When will the Honda Mitsubishi layoffs happen?
It is learnt that the job cuts will be made by March 2009.

Any information about production cuts by Honda and Mitsubishi?
It is reported that Honda will cut on the domestic production by 56,000 vehicles.

What are the primary reasons for Honda Mitsubishi layoffs?
Primary reasons for layoffs at Honda Mitsubishi are the economic crisis leading to fall in sales and demand.

Any other news about Honda Mitsubishi layoffs
As per the news, In its efforts to match production with slumping demand, Honda said it would curtail production in Britain for two months, April and May. Honda had already announced it would cease production in February and March at its Swindon plant in southwest England. That plant will now close for four months, the company said. Let's hope that alternative jobs are available to the affected employees of Honda Mitsubishi Layoffs Job Cut
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1 Comment: Post your Comments

Anonymous said...(on 20 January 2009 at 16:32 )  

4,900 is a huge number!

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

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