Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Honda extends Mexican plant shutdown, furloughs more U.S. workers

Published 15/04/2020, 17:52
© Reuters. Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo
7267
-

WASHINGTON (Reuters) - Japanese automaker Honda Motor Co (T:7267) said Wednesday it will extend a shutdown of its Mexican plants through April 30 and plans to furlough most U.S. salaried workers for two weeks as a result of the coronavirus pandemic.

© Reuters. Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo

Honda began its suspension of operations in North America on March 23 and previously extended its shutdown in Canada and the United States through May 1. The company said the majority of its "salaried and support associates at Honda operations in the U.S. will be furloughed for a two-week period." Last week, Honda said it would furlough factory workers at its U.S. plants.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.