The well known car manufacturer Honda have announced they plan to cut jobs at their Swindon branch, with an anticipated 500 staff potentially set to lose their jobs. The jobs are expected to be cut from the production team, with nearly 350 jobs being axed as well as over 150 temporary jobs set to go.
The factory opened in Swindon over 20 years ago, at the time providing hundreds of jobs for locals in the area. The firm already made job cuts in 2013, but the company hasn't seen its desired growth over the past year, and therefore it is vital for these latest job cuts to happen to ensure the company continues to trade at all in Swindon.
Not only are jobs being axed, staff shifts are being reduced from three shifts per day to two, meaning there will be a distinct drop in hours available for work. The firm does not expect there to be an increase in people buying their cars over the next few years, therefore job cuts must happen to make sure the company continues to be able to make and sell cars at all.
It seems there are just too many cars and not enough demand for the vehicles; the market is growing at a snails pace, with not enough people wanting to buy the cars. Staff at the firm are saddened to hear the latest job cuts news, and will face an uncertain future with the company over the next few months.