Honda cuts 800 UK Jobs
11 January 2013
Honda has announced plans to cut 800 jobs at its Swindon plant.
The move follows the company’s investment of £267million last year to hire 500 employees in the same plant in the firm’s biggest UK investment programme for ten years.
This was to support the building of the new Civic and CR-V Honda models, as well as a new 1.6 litre diesel engine.
Honda says the jobs cuts – which are a first for the company since it began manufacturing in the UK in 1992 – are due to weak demand across Europe.
Ken Keir, Executive Vice President, Honda Motor Europe, said in a statement: “Honda remains fully committed for the long-term to its UK and European manufacturing operations. However, these conditions of sustained low industry demand require us to take difficult decisions. We are setting the business constitution at the right level to ensure long term stability and security.”
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