grober
MB Master
Honda are to reduce their Swindon plant workforce by 800 down from 3,500 [ 23% cut] announced today due to reduced demand in Europe. New car registrations are down especially in Southern European states with their current economic problems. Registrations in Greece down 41% in the first 11 months of 2012, while Portugal was down 37% and Italy was down 20%. Maybe Hondas are in a particularly vulnerable sector of the market or its a reflection of the pound versus the Euro?? BBC News - Honda to cut 800 jobs in Swindon