Honda To Layoff Majority Of Salaried, Support Staff At Honda US Operations For 2 Weeks
Portfolio Pulse from Benzinga Newsdesk
Honda is set to lay off the majority of its salaried and support staff at its US operations for two weeks. This move is likely a cost-saving measure and could impact the company's operations and investor sentiment.
April 15, 2020 | 4:37 pm
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Honda is implementing a two-week layoff for most of its salaried and support staff in the US, likely as a cost-saving measure. This could impact operations and investor sentiment.
The layoff of a significant portion of Honda's US salaried and support staff suggests a strategic move to cut costs, which may indicate financial pressures or a need to optimize operations. This could lead to short-term negative sentiment among investors, affecting the stock price.
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