A bad sign....
Posted: Wed Apr 01, 2009 8:23 am
The plant where I was employed just rolled out this announcement: (and I have to say, wow...!) In this plan, I would have taken a pay cut as a salaried associate. I'm glad I got out of the auto industry when I did. I may be working a little less, but I'm not losing money.
Lincoln, AL - Honda Manufacturing of Alabama is trimming production. The Lincoln plant will cut 12,000 vehicles and V-6 engines from its production lines though July 31, 2009. To accommodate these changes the plant will shut down operations for 14 days. A company spokesman says most of these days will remain "No Pay, No Penalty" where employees can take the day off without pay and with no attendance penalty, take available paid time off, or attend regularly scheduled shifts where work will be provided. Associates can use a vacation day, on 6 of the 14 days where work will not be an option.
Pay for all salaried associates will be reduced. Hourly pay rates for production associates and most other hourly associates will remain unchanged. Bonus payments to those who qualify will also be reduced.
According to Mark Morrison, Manager of Corporate Affairs and Communication for Honda Manufacturing of Alabama says, "The continued downturn in customer demand for motor vehicles has created a very serious situation for all automakers, including Honda. We continue to carefully manage our business, and we remain confident in Honda's long-term prospects."
Lincoln, AL - Honda Manufacturing of Alabama is trimming production. The Lincoln plant will cut 12,000 vehicles and V-6 engines from its production lines though July 31, 2009. To accommodate these changes the plant will shut down operations for 14 days. A company spokesman says most of these days will remain "No Pay, No Penalty" where employees can take the day off without pay and with no attendance penalty, take available paid time off, or attend regularly scheduled shifts where work will be provided. Associates can use a vacation day, on 6 of the 14 days where work will not be an option.
Pay for all salaried associates will be reduced. Hourly pay rates for production associates and most other hourly associates will remain unchanged. Bonus payments to those who qualify will also be reduced.
According to Mark Morrison, Manager of Corporate Affairs and Communication for Honda Manufacturing of Alabama says, "The continued downturn in customer demand for motor vehicles has created a very serious situation for all automakers, including Honda. We continue to carefully manage our business, and we remain confident in Honda's long-term prospects."