Honda set to buyout Alabama workers

Honda offers buyouts to workers in Lincoln, AL assembly plant.

In this Dec. 17, 2009 photo, Honda Motor Co.'s Insight is displayed at the Honda headquarters in Tokyo, Japan. The Insight, the cheapest gas-electric hybrid on market, ranked in Monday, May 11, 2009, as the top-selling vehicle in Japan _ the first time a hybrid clinched that spot. (AP Photo/Katsumi Kasahara)

LINCOLN, Ala. (AP) - Employees at Honda's vehicle assembly plant
in Lincoln have been offered a buyout plan by the Japanese automaker in an effort to cut the 4,500-person work force by 275 positions.

The proposal allows an employee to receive one year's salary and
$1,000 for every year worked at the plant plus an additional $17,000 payment.

The buyout incentive is in response to sagging sales throughout the automaking industry. In March the automaker announced other belt-tightening measures including cuts in production to lower inventories at North American plants.

Honda set a June 5 deadline for workers to sign up.

Plant spokesman Mark Morrison said the buyout offer was a tough business decision but said sign-up was going well.

Information compiled by AP from: The Birmingham News,

(Copyright 2009 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 45523872 -
Gray Television, Inc.