Honda cuts production and pay in North America
The struggles of GM and Chrysler have been making headlines, but the entire industry has been hit with a near catastrophic decline in new car sales. That includes the once indefatigable Honda, with 2009 sales so far down more than 30% versus the first two months of 2008. In the wake of those sobering sales statistics, Honda is looking to cut pay and production in North America.Automotive News is reporting that Honda will cut production by 62,000 units during the company's fiscal first quarter. The reductions will be achieved by shuttering plants for 13 days starting in May. Honda has traditionally paid its hourly workers even when plants were down, but this time workers won't be compensated for six of the days.
Honda will also cut salary and hourly pay in 2009, and reduce or eliminate bonuses. Honda also took the extraordinary step of offering buyouts to many of its 32,400 workers in the US and Canada. The auto industry is officially in the tank when Honda starts cutting production and pay, while simultaneously offering buyouts to most of its workforce.
[Source: Automotive News - Sub. Req.]
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Reader Comments (Page 1 of 3)
hyundaifans.com 1:34PM (4/01/2009)
Well, we all knew it was coming. No one is immune from the downturn.
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MAAD 1:37PM (4/01/2009)
Um... I can still has my new Honda Civic in 2010?
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Erik 1:47PM (4/01/2009)
Ok, call me dense or out of it, but I really want to know what's up with this sort phrasing that seems to be used everywhere. Like what is the origin and what does it mean?
MajorGeek 2:01PM (4/01/2009)
Children acting their age I guess, you know, baby talk. One idiot was typing in ROFLcopter and another using lolz in WoW a while back and no one could answer where the copter or trailing z comes from when you ask them. They don't know, they just follow the heard. Its pretty hilarious. Not as funny as when they try to get a job, though. This explains why I have an 09 Civic for a winter rat and his big dream in life is currently to actually own the same, pretty average car.
drewp 2:04PM (4/01/2009)
http://en.wikipedia.org/wiki/Lolcat#Format
Cellien 2:13PM (4/01/2009)
Lol, you guys showed your age. It's all an internet joke based on LOLcats. Do you guys know what "lawl" is? The answer is in my post. :)
MajorGeek 2:52PM (4/01/2009)
And you still can't explain it. So, if I add anything to LOL then its based off the cat and funny? Yeah... Ive been on the internet since it was DOS, I do this for a living so lets be real, it makes no sense.
Oh wait, I did say it was baby talk in my original, I nailed it closer then you guys did in your lack of explanation according to your own Wikipedia link. Thats what it is about, you can not explain anything else about it, you already failed. Stop trying to defend baby talk and some cool, new internet thing. Its not.
Chris 3:23PM (4/01/2009)
@MajorGeek
The whole 'lolcat' thing could be considered one of many internet Memes out there. Baby talk/kid talk might hit fairly close to the point, but that's not really the point. The site that has brought this 'meme' to the 'masses' is known as 'I can has cheezburger'. Hence the phrasing of 'i can has'.
Please refrain from acting like just because you haven't heard of something in your infinite wisdom, that it is of no value. Ichc has quite a following, and there are many of us who 'do this for a living' (i.e actually work in the IT industry) that find it quite entertaining and don't require explanation, it's just a matter of the crowd you travel with. In point of fact I suppose this is not a 'cool new internet thing' as it has been around for at _least_ one year, still has a decent following as well.
I'm curious to learn more about how DOS was involved in the internet... Please elaborate. Not that you couldn't technically connect an early MS-DOS system to the network by loading a TCP/IP stack TSR, but I imagine it wasn't terribly common. I think you're thinking of the BBS days. To those of us actually in this industry the phrase 'I've been on the internet since it was DOS' makes about as much sense as a 'lolcat'.
I'll get off your lawn now.
Cellien 3:57PM (4/01/2009)
@MajorGeek: There really isn't an explanation. That's part of what makes internet fads so funny. They just snowball without much reason other than people enjoy it. Like being "Rick Rolled" means you are duped into watching a Rick Astley music video. For whatever random reason, it REALLY caught on. Youtube it. It's the same reason talking like a robot is funny, or "Engrish" or both: ALL URE BASE ARE BELONG TO US. Does that ring a bell (if not, I rest my case).
C'mon man, you'd think with a name like MajorGeek you'd understand these things. But honestly, if it's not funny to you, then it's over your head and I don't think there's any amount of "explaining" that will help.
why not the LS2LS7? 1:42PM (4/01/2009)
Honda has traditionally paid their workers when the plant is down? Someone should tell my cousin. She works for Honda in Ohio, and they've been working (and getting paid) half time or less for weeks. Her boyfriend gets even less work because he has less seniority.
I would mention again how I see cars (of all makes) sitting in lots all around the city. These are delivered cars, not just sitting in parking lots outside the factories. Until this backlog is bought up, production rates will be VERY low.
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ronEbear 1:46PM (4/01/2009)
See? No drama with workers unions. No union workers threatening to strike either. Isn`t it fun when you can manage your expenses without having a gun (auto unions) pressed firmly against your temple?
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why not the LS2LS7? 1:54PM (4/01/2009)
The UAW hasn't threatened to strike either. I cannot imagine what would happen if the UAW pulled a wildcat strike right now. Even with the Dems in office, I have to imagine the hammer would dropped on them hard in the government and in public opinion. It'd make PATCO look like a picnic.
ronEbear 1:55PM (4/01/2009)
But they have in the past, MANY times in fact. And will most likely in the future.
Yikes 4:36PM (4/01/2009)
Aren't the Canadian Auto workers welding themselves into factories and holding Chrysler's equipment hostage.
john 1:49PM (4/01/2009)
Go Back To Japan.
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Sea Urchin 1:56PM (4/01/2009)
They can't.....way to many people want a Civic over a Cobalt.
ronEbear 1:58PM (4/01/2009)
Why? Is it because you want more people to lose their jobs? Or is it because you`re an ignorant hole of an ass?
MajorGeek 2:02PM (4/01/2009)
The latter.
Franz 2:05PM (4/01/2009)
John, go back to The Republic Of Stupidistan. Your presence must be missed.
Yikes 4:38PM (4/01/2009)
Damn John, why do you wish for all those people to lose their jobs.
All the communities that are supported by these jobs.
All the taxes and revenues and other jobs that are generated because of the flow of money.
John????????????????