Honda Cuts U.S. Production and Salaries

[DainBramaged]

Honda announced March 31 that it would cut production in North American by 204,000 units, aiming their yearly output at 1.25 million. For the first time ever, Honda is also slashing salaries. Hourly employees and executives all the way to the top get a trim; and bonuses get bounced. Honda’s US sales dipped 7.9% in 2008 (compared to 2007) but the American market overall fell 18%. Honda wasn’t in terrible shape and seemed to have a good product mix. Then the first quarter spreadsheets began to fill in—a 33% drop in sales is a plunge of a different color. Carving will take place at all North American facilities.

http://www.thetruthaboutcars.com/honda-cuts-stateside-production-and-salaries/

[DainBramaged]

1. No comment from the Japan defenders here, huh?

Strange, since the "Japanese model" is the model the Reich-wing and anti-Union squawkers here want the UAW to follow regarding salaries (the wage at the transplant factories is about $17.00 an hour), and with the current agreement with the UAW where new hires start at $14.50 an hour, pretty soon, the wages for an auto worker will be so low that I wonder, who will be able to afford a new car? Not a blue collar worker in manufacturing that's for sure. But maybe some of the white collar office types here could use us to mow their lawns for food and gas money.

[Kolesar]

3. at four o'clock in the morning? ... eom

[SidDithers]

8. ROFL!...

:applause:

Sid

[dysfunctional press]

2. that aig dust-up sure gave companies cover for dropping bonuses

they gotta like the way the press fanned the flames on that one.

[Fumesucker]

4. Hourly employees and executives all the way to the top get a trim

Note that executives all the way to the top get a pay cut..

And no bonuses.

Compare and contrast with the way American companies are generally run.

I'm by no means white collar and I think unions have done a great deal for the average American but management at American firms has largely sucked for quite some time now.

[me b zola]

A trim for execs is a world's difference than a trim to an hourly worker

The exec just won't feel as inclined to buy this year's largest yacht. The hourly worker will be forced to make decisions to keep a roof over their head and food on their table (goodness willing they will be able to do both).

[Fumesucker]

6. But make the comparison to the way American firms are usually run..

Company loses billions, execs get a bonus..

The Japanese execs usually don't make quite as outrageous a salary as the American ones in the first place either.

[DainBramaged]

7. This isn't Japan they are talking about, this is here.

And I think the number of workers ratio to executives is about 500 to 1. And one more thing, stop lauding the Japanese business model, they have been in a recession for over 20 years, your anti-Union bias is showing.

[Kalyke]

9. How are you doing, btw?

Is your job relatively safe right now?

:hug:

[DainBramaged]

10. I'm OK, but if GM goes down, the UAW is done and my Union card is toilet paper

[Fumesucker]

11. I never wrote a word about unions..

I'm talking about management..

Your mind reading shtick isn't working, I'm far from anti-union.

[me b zola]

5. sorry, dupe/delete

[DainBramaged]

12. Okie