Honda suffers $27 million loss over labour unrest Wednesday, July 27 2005 12:12 Hrs (IST) - World Time -
Tokyo:
Japan's Honda Motor has already incurred a loss of about three billion yen ($27 million) through lost output, during a violent labour dispute at its Indian unit, a news report said today (July 27, 2005).
Average production, at the factory on New Delhi's outskirts, dropped to 400 motorcycles a day in June, although it gradually recovered somewhat to 1,000 units after some employees returned to work, the 'Nihon Keizai Shimbun' said.
Honda cannot brace for further losses if there is more trouble at the plant, the economic daily warned.
A Honda spokeswoman said the company was checking the validity of the reported loss figure. Honda is to announce its April-June results later today (July 27, 2005).