Honda to reduce staff at China plants. And suspend production at 3 China plants for 2 week

Nikkei with the info:

• Honda Motor will reduce the number of employees at its joint venture with Chinese automaker Dongfeng Motor Group
• focusing in particular on workers at its three factories that produce gasoline-powered cars.

And, via Bloomberg:

• Honda will suspend production at 3 plants for 2 weeks
• Inventory adjustment

This article was written by Eamonn Sheridan at www.forexlive.com.