Honda to cut UK jobs on weak European car demand

[World News]

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Honda will axe 340 jobs by cutting shifts at its factory in western England in response to weak European demand for its cars, the Japanese automaker said on Tuesday. The firm will cut the production rate at its factory in Swindon from three shifts to two. Most cars built at the plant are exported but sales in other countries have not been so strong as in Britain, Honda Motor Europe said in a statement With no increase forecast for the next couple of years, we must scale our manufacturing activity accordingly," said Ian Howells, senior vice president of Honda Motor Europe.

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