Honda, Nissan to stop paying furloughed workers at US plants [MSN Money]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: MSN Money
Honda Motor Co. and Nissan Motor Co. will temporarily stop paying workers laid off from their idled U.S. plants as the coronavirus stifl demand for cars and trucks.© Ross D. Franklin/APThe two Japane compani on Tuday joined unionized Detroit peers in urging furloughed workers to apply for unemploymt befits from state governmts. After shutting down their non-union manufacturing operations last month, Honda initially continued to pay workers their full wag while Nissan provided about 80%.Load ErrorIt isn’t clear how much of a cut from their regular pay Honda and Nissan workers will see. Unionized employe of Geral Motors Co., Ford Motor Co. and Fiat Chrysler Automobil NV receive state unemploymt and supplemtal befits that make up about 75% of their pay, based on collective-bargaining agreemts.Furloughed workers at all 0 of Honda’s U.S. factori won’t receive wag from April to May , making them eligible to get unemploymt befits from local authoriti, said Teruhiko Tatebe, a Honda spokman.
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HMC
Sec Filings
- 11/17/25 - Form 6-K
- 11/7/25 - Form 6-K
- 9/11/25 - Form 6-K
- HMC's page on the SEC website