Report: Honda May Suspend 1100 Jobs at Mexico Plant

Honda’s factory in Mexico’s Jalisco state may suspend up to 1100 employees, representing half its workforce; the plant produces the CR-V compact crossover. The possible suspension looms due to parts inventories runing low following the earthquake and tsunami in Japan, reports local newspaper Reforma, citing a company spokesman.

Some airports and ports are still closed, which that is affecting inventories according to a Honda Mexico spokesman. According to Reuters, Honda may not be the only manufacturer in Mexico to be affected by parts shortages.

The country imports about $2.5 billion in Japanese auto parts each year, representing around 8 percent of its total imports, according to the report.

Source: Reforma via Reuters