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Honda Motor Co. will raise workers' monthly wages after a parts factory strike shut down almost all Chinese production.
The workers will receive a 24 percent pay increase to 1,910 yuan ($280 dollars or 227 euros) per month, Honda said in a faxed statement today. Most workers have accepted the offer, while talks continue with those who are unsatisfied, the automaker said.
Production at all four Honda car factories in the country will remain suspended through at least Wednesday, with plans beyond that date to be decided tomorrow, the company said in a separate statement. Production of manual transmissions at the parts plant resumed today.
The maker of Accord and Civic cars shut down all four of its auto assembly plants in China last week after workers at the parts unit walked out, demanding a pay raise. The strike, the first to stop Honda's production in the country, may be reducing its output by as many as 3,000 vehicles daily, analysts said.
“My guess is that it will take less than a week to get production back at full capacity once the strike is resolved,” Tianshu Xin, managing director at IHS Global Insight in Shanghai, said prior to the settlement announcement. Honda will likely add shifts to make up the lost production, he said.
The carmaker shut two plants in Guangzhou, Guangdong province, on May 24 and factories in Guangzhou and Wuhan, Hubei province, on Wednesday after 1,850 workers making transmissions and engine parts at Honda Auto Parts Manufacturing Co. in Foshan, Guangdong, went on strike May 17.
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The workers will receive a 24 percent pay increase to 1,910 yuan ($280 dollars or 227 euros) per month, Honda said in a faxed statement today. Most workers have accepted the offer, while talks continue with those who are unsatisfied, the automaker said.
Production at all four Honda car factories in the country will remain suspended through at least Wednesday, with plans beyond that date to be decided tomorrow, the company said in a separate statement. Production of manual transmissions at the parts plant resumed today.
The maker of Accord and Civic cars shut down all four of its auto assembly plants in China last week after workers at the parts unit walked out, demanding a pay raise. The strike, the first to stop Honda's production in the country, may be reducing its output by as many as 3,000 vehicles daily, analysts said.
“My guess is that it will take less than a week to get production back at full capacity once the strike is resolved,” Tianshu Xin, managing director at IHS Global Insight in Shanghai, said prior to the settlement announcement. Honda will likely add shifts to make up the lost production, he said.
The carmaker shut two plants in Guangzhou, Guangdong province, on May 24 and factories in Guangzhou and Wuhan, Hubei province, on Wednesday after 1,850 workers making transmissions and engine parts at Honda Auto Parts Manufacturing Co. in Foshan, Guangdong, went on strike May 17.
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