Coronavirus News: Honda, Nissan Furlough Thousands Of Autoworkers Amid COVID-19 Crisis
Automakers Honda (HMC) and Nissan (SANY) are reportedly furloughing thousands of U.S. employees as they continue to keep production shutdown amid the coronavirus pandemic.
Honda, which suspended vehicle production on March 23, announced that it will keep its plants closed through May 1 but will furlough workers with pay through Sunday, Reuters reported. The automaker employs about 18,400 workers with plants in Alabama, Indiana, and Ohio.
On Monday, Nissan also temporarily laid off about 10,000 U.S. hourly workers in the U.S. after suspending its vehicle production through late April because of the COVID-19 crisis, the news outlet said.
Nissan and Honda join Ford and GM in keeping their production plants closed as the impact of the coronavirus outbreak continues to remain unknown. Fiat announced that it was reopening its U.S. and Canada plants on May 4.
Ford and GM have yet to announce when they will reopen their facilities.
Shares of Honda stock were up 1.28% as of 3:36 p.m. EDT on Tuesday while shares of Nissan stock were up 1.25% at the same time.
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