From：Internet Info Agency 2026-08-04 23:30:08
On August 3, F-TECH announced it would cut 500 jobs—approximately half of its local workforce—at its main production bases in China. The layoffs will affect facilities in Wuhan and Zhongshan, with the company seeking 350 early retirees from Wuhan and 150 from Zhongshan between August 3 and 31. As of August 3, the two sites employed around 1,000 people in total. Employees who volunteer for early retirement will leave the company on August 31 and receive a one-time severance payment. This move follows declining sales by Honda, F-TECH’s major client, in the Chinese market, which has led to reduced factory utilization rates. Previously, F-TECH’s China operations had laid off 300 employees in October 2024. According to data, Honda China’s retail sales in June totaled 32,474 vehicles, down 44.5% year-over-year, while its cumulative sales from January to June reached 205,818 units, a 34.7% decline compared to the same period last year.
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