Honda Cars Philippines, Inc. (HCPI) announced last Saturday, February 22, that it will close its automobile production operations in Laguna next month.
“To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources,” the carmaker said.
“As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI. HCPI will continue its automobile sales and after-sales service operation in the Philippines, through the utilization of Honda’s Asia and Oceania regional network,” the statement read.
Honda’s car factory in Santa Rosa began operations in 1992 and currently locally produces two models for Honda: the BR-V and the City.
According to reports, 387 employees will be affected by the closure.