Honda Asks 1,700 Chinese Workers to Resign; Auto Layoffs Surge Again. No More Good Days for Chinese
Honda Asks 1,700 Chinese Workers to Resign; Auto Layoffs Surge Again. No More Good Days for Chinese
Udumbara
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Due to declining sales, another automobile company in China has pressed the "layoff button." People find themselves working during the day and suddenly unemployed by night; this seems to have become a norm for Chinese workers.
On May 15, news emerged that GAC Honda, a joint venture between Honda and the state-owned automaker GAC Group, began soliciting voluntary resignations among its production staff this month. Approximately 1,700 employees have agreed to leave, accounting for 14% of the company's total production workforce.
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