30/01/2009
Honda Shuts UK Factory For Four Months
Japanese carmaker Honda is to close its UK base for four months this evening, due to a slump in sales.
Production at the motor plant in Swindon, Wiltshire, is to cease until June 1.
Over 3,000 of the 4,000 employees will be affected by the closure. It is understood they will receive their full basic pay for two months, but around 60% of their wages for the following months of production shutdown.
Honda has stressed its commitment to retaining its Swindon workforce until the autumn when the Jazz model is due to go into production.
The closure at the Swindon base is thought to be one of the longest in Britain's recent industrial history.
Meanwhile, Honda has today announced its net profit for the three months to December dropped by a dramatic 89%.
The company now expects profit for the year to March 2009 to be 80bn yen (£627m), less than half its earlier forecast of 185bn yen.
A number of car manufacturers have also cut production, and axed a number of jobs due to the huge clump in sales due to the recession.
Bentley, Vauxhall and Jaguar Land Rover have all stopped production or cut the working week as demand for their cars fall.
(JM/BMcC)
Production at the motor plant in Swindon, Wiltshire, is to cease until June 1.
Over 3,000 of the 4,000 employees will be affected by the closure. It is understood they will receive their full basic pay for two months, but around 60% of their wages for the following months of production shutdown.
Honda has stressed its commitment to retaining its Swindon workforce until the autumn when the Jazz model is due to go into production.
The closure at the Swindon base is thought to be one of the longest in Britain's recent industrial history.
Meanwhile, Honda has today announced its net profit for the three months to December dropped by a dramatic 89%.
The company now expects profit for the year to March 2009 to be 80bn yen (£627m), less than half its earlier forecast of 185bn yen.
A number of car manufacturers have also cut production, and axed a number of jobs due to the huge clump in sales due to the recession.
Bentley, Vauxhall and Jaguar Land Rover have all stopped production or cut the working week as demand for their cars fall.
(JM/BMcC)
Related UK National News Stories
Click here for the latest headlines.
21 November 2008
Honda Halt Production for Two Months
Car manufacturer Honda has announced it will halt production at its Swindon plant for two months, next year, due to the "dramatic change" in the global market. The Japanese car giant also said the plant's 4,800 employees will be laid off for 50 days - the duration of the closure - although staff will receive basic pay, the company said.
Honda Halt Production for Two Months
Car manufacturer Honda has announced it will halt production at its Swindon plant for two months, next year, due to the "dramatic change" in the global market. The Japanese car giant also said the plant's 4,800 employees will be laid off for 50 days - the duration of the closure - although staff will receive basic pay, the company said.
31 March 2015
Honda To Invest £200m In UK Plant
Honda has announced it is to invest £200m in its UK plant. The company has said its flagship production facility in Europe, which is located in Swindon, Wiltshire, said the plant will become a "global production hub" for the next generation Civic five-door model.
Honda To Invest £200m In UK Plant
Honda has announced it is to invest £200m in its UK plant. The company has said its flagship production facility in Europe, which is located in Swindon, Wiltshire, said the plant will become a "global production hub" for the next generation Civic five-door model.
05 December 2008
Honda Announces Plans To Quit Formula One
Honda has announced plans to pull out of Formula One championship events, if they cannot find a buyer by the end of the month. Staff at the motor company's plant in Brackley, Northamptonshire, has been warned they face redundancy with the news the team has been put up for sale.
Honda Announces Plans To Quit Formula One
Honda has announced plans to pull out of Formula One championship events, if they cannot find a buyer by the end of the month. Staff at the motor company's plant in Brackley, Northamptonshire, has been warned they face redundancy with the news the team has been put up for sale.
20 December 2011
PM Welcomes 500 Honda Jobs
The Prime Minister has welcomed the announcement of 500 new jobs from a Japanese car manufacturer. Honda will start the mass production of the new Civic at its Swindon car plant, creating 500 new jobs to meet a forecasted production increase in 2012.
PM Welcomes 500 Honda Jobs
The Prime Minister has welcomed the announcement of 500 new jobs from a Japanese car manufacturer. Honda will start the mass production of the new Civic at its Swindon car plant, creating 500 new jobs to meet a forecasted production increase in 2012.
06 September 2012
£267m Investment In Swindon Honda Factory
£267m has been invested in Swindon’s Honda factory as the Japanese car manufacturer say they are about to ramp up production. The investment is to support the introduction of its new Civic and CR-V car models and a new 1.6-litre diesel engine.
£267m Investment In Swindon Honda Factory
£267m has been invested in Swindon’s Honda factory as the Japanese car manufacturer say they are about to ramp up production. The investment is to support the introduction of its new Civic and CR-V car models and a new 1.6-litre diesel engine.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.