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ECONOMY
Weekly Watch> WEEKLY WATCH NO. 24, 2010> ECONOMY
UPDATED: June 11, 2010 NO. 24 JUNE 17, 2010
Honda Halts Production
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Honda Motor Co. stopped production at two Chinese factories on June 9 due to an ongoing strike at a parts factory.

The two factories of the Honda joint venture in Guangzhou, capital of Guangdong Province, were forced to suspend production because of a worker walkout at Foshan Fengfu Autoparts Co. Ltd., its only supplier of mufflers and exhaust pipes.

A total of 120 workers were on strike. Eight worker representatives were negotiating with the company, demanding a pay rise of 300 yuan ($43.8) per month for each worker, said a Xinhua News Agency report, quoting Zhu Linjie, spokesman for Honda in Beijing.

Foshan Fengfu is a joint venture between Yutaka Giken, a subsidiary of Honda, and Taiwan's Moonstone Holding Ltd.



 
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