• The Associated Press


Honda Motor Co. said Monday managers’ salaries will be slashed 5 percent starting next month to cope with sliding sales. The cut comes on top of the 10 percent pay reduction for directors announced last month.

The move affects about 4,800 managers at Honda group companies in Japan, including those stationed abroad, but not those hired by Honda’s overseas units, the company said. The reduction will continue through May and what happens after that is still undecided, it said.

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