Honda to cut 800 jobs in UK over weak demand across EuropeJanuary 11, 2013 - 15:10 AMT PanARMENIAN.Net - Honda is planning to cut 800 jobs at its Swindon plant, blaming weak demand across Europe, BBC News reported. It is the first time the Japanese carmaker has cut jobs in the UK since it began manufacturing there in 1992. The Swindon plant, which produces the Civic, Jazz and CR-V models, employs 3,500 people, having added 500 to the workforce a year ago. Honda has begun a 90-day consultation period on the job cuts and says it hopes to avoid compulsory redundancies. "Sustained conditions of low demand in European markets make it necessary to realign Honda's business structure," the company said in a statement. It added that demand for cars in Europe had fallen by one million in the past year. But Honda said it was still committed to manufacturing in the UK and Europe in the long term. The Swindon plants built 166,000 cars in 2012, which was well below the capacity of 250,000. It was a big jump from 2011 when 97,000 were produced, but still significantly down from the 230,000 made in 2008. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |