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Honda axes 900 factory jobs in China as market shifts to EVs

Summary by Ground News
Honda Motor has decided to cut 900 jobs at a joint venture in China. Japanese automaker's sales suffer in a market that has shifted rapidly to electric vehicles. The reduction amounts to about 7% of a workforce numbering roughly 13,000. The layoff notices were sent to employees in late November.

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Nikkei broke the news in Japan on Friday, December 1, 2023.
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