Honda announces new round of job and production cuts

Slumping sales and surplus supply are old hat by now, but the ongoing effects of the poor economy mean carmakers must continue to adjust their capacity and output to remain viable. Honda's readjustment, like its American counterparts, is unfinished, and today it revealed another 3,100 temporary workers would be cut in the U.S. as Honda sheds unnecessary production. The majority of the workers affected will simply not get new contracts when their current job stints end in April. The loss of the extra workers and other steps will help Honda reign in costs and production by about 140,000 units total in 2009, down to 1.17 million vehicles, reports CNN.
2009 Honda Insight Hybrid