Honda offers buyouts, slashes pay in North America

COLUMBUS, Ohio (AP) Honda spokesman Ron Lietzke said Tuesday that the buyouts will be offered to most of the Japanese automaker's 35,600 employees in the U.S., Canada and Mexico. He says enhanced retirement packages are also being offered.

Lietzke says overall compensation will be reduced for its North American employees, with top executives experiencing the biggest cuts. He would not say how much salaries would be reduced.

Honda builds Accords and Acuras in Marysville, Ohio, near Columbus, and makes Civics and Elements at a factory in East Liberty, Ohio. The company also has an auto plant in Alabama and it makes parts in Georgia.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

    MORE BUSINESS NEWS | TWEET@ABC30 | FREE ABC30 WIDGET
-----------------------------------------------------------------------------------------------
Sign up for Breaking News Alerts
Breaking News E-Mail Alerts | Text Message Alerts
-----------------------------------------------------------------------------------------------
More News on abc30.com
Local | California/State | National | Weather | Entertainment | Politics | Sports | Health Watch | Consumer Watch | Mr. Food |
-----------------------------------------------------------------------------------------------