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If the company gives you a bonus for your hard work, then its happiness is more than getting the salary. Not only this, this extra income is expected to improve the quality of life of the employees. With the current inflation and uncertain economy, the impact is likely to be greater, but Honda Motor is demanding back after paying higher bonus to many employees.
According to media reports, the Japanese carmaker recently sent a memo to the employees of its Marysville, Ohio, plant stating that the company has paid more than the bonus amount and asked them to give it back. The report further states that it is written in this memo that if the employees do not respond to this, then the money will be automatically deducted from their salary.
Media reports said Honda confirmed that it asked employees to pay some of their bonuses and claimed it was legally justified, but declined to disclose how much the bonus was and that it How much have the employees been asked to return.
“Earlier this month, Honda awarded bonuses to its associates, some of whom were overpaid. Compensation-related issues are a sensitive matter and we are committed to reducing any potential impact on our partners,” the company said in a statement. We’re working on this item quickly. Since it’s a personnel issue, we don’t have any further information to give regarding this matter.”
The wife of an employee reportedly said that her husband was asked to return about 10 per cent of the bonus. On condition of anonymity, she said the amount to be refunded was too high. He said, “You know, there’s a car payment. That’s half of our mortgage… It’s two, three weeks’ worth of groceries. That’s a lot of money for us.”
Last year, Honda Motors’ revenue fell by more than 4 per cent and profits fell by almost a quarter.