Honda plant shutdown to cost PH parts industry at least PhP 240M
When Honda Cars Philippines, Inc. (HCPI) announced that they were closing the factory due to "market forces", many were shocked. The decision to shutter the Santa Rosa factory after nearly 28 years was not a light one, and what followed were protests and negotiations between the 387 employees (associates, in Honda speak) of the plant on what they will receive as recompense, especially since the closure is almost immediate.
Here's the thing though: there's a bigger network that's going to be affected, and its the supply chain for parts to support the factory's operations. We wanted to find out just how bad the follow on effects of the closure will be to the bigger parts industry in the country.