The company offers its employees numerous pension plan options
The company’s employees are offered various options for pension plans, many of which cover a considerable amount. In that regard, within the company and its subsidiaries located in Japan, employees are provided with plans similar to a cash balance pension plan, under which people are credited a dollar amount within their individual accounts. Additionally, certain subsidiaries of the company located in North American provide retired employees life insurance benefits and health care benefits. Moreover, the Honda Pension Fund (the Fund), which is legally independent from Honda Motor Co. Ltd., manages each pension plan for employees.
COVID|Labor|Competition|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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