Report on a Large-Scale Workforce Adjustment and Severance Plan at GAC Honda

According to a First Financial investigation into restructuring in the automotive industry, GAC Honda began a workforce adjustment involving around one thousand positions in May 2024. The report described a severance formula of 'N+2+1.8' and said voluntary applications exceeded the planned number. The report concerns a specific adjustment and compensation arrangement at that time; it does not determine the legality of any individual termination or describe the company's current employment practices.