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home / news releases / honda joint venture offering voluntary layoffs to 1

NSANY - Honda joint venture offering voluntary layoffs to 1700 Chinese employees - report

Nissan Motor Co. Ltd. ADR

2024-05-14 17:26:12 ET

With sales down 22% in China, the joint venture between Honda Motor ( NYSE: HMC ) and Chinese state-owned Guangzhou Automotive Group trimmed its Chinese workforce by offering voluntary layoffs to 1,700 employees, or 14% of the production staff at the joint venture, according to Nikkei Asia. ...

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Honda joint venture offering voluntary layoffs to 1,700 Chinese employees - report
Stock Information
Company Name: Nissan Motor Co. Ltd. ADR
Stock Symbol: NSANY
Market: OTC
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