Here in the Philippines, factory workers will officially have only until March 25, or about a month after the closure announcement was made last Saturday . Louie Soriano, spokesperson of Honda Cars Philippines, Inc. admitted that the manufacturer’s announcement was “abrupt.”
If a low production volume is the main reason for the closure, company figures would suggest that the Philippine unit had no chance of surviving the cost cutting measure, especially when compared to Honda’s soon-to-be closed factory in the UK. Although he said that the closure had nothing to do with sales, it is difficult to ignore the fact that Honda has seen its volume sales in the Philippines drop for at least two years in a row now.This could be traced to the Duterte administration’s move to slap higher excise on new vehicles in 2018 under the TRAIN law, or the Tax Reform for Acceleration and Inclusion Act.
“It highlights the importance of continued government support to local production of vehicles and parts and components,” said Campi, which counts among its members big players like Toyota and Mitsubishi. Honda is also a member of the group.
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