Nissan Is To Cut 12,500 Jobs Around The World

The Japanese giant is set to slash almost a tenth of its workforce as it seeks to downgrade its production capacity, citing stagnant sales in the West and worsening results in the East
Nissan Is To Cut 12,500 Jobs Around The World

Nissan is set to cut almost one in 10 jobs from its global workforce as it looks to slim down its model ranges and focus on future technology.

The news, reported first in Japan, indicates that around nine per cent of Nissan’s global staff will be made redundant on the way to reducing production capacity by 10 per cent – lowering the number of models it offers by the same amount.

Nissan Is To Cut 12,500 Jobs Around The World

It’s unclear which plants in which countries will be affected, but the EU’s recent trade agreement with Japan, removing tariffs on cars imported to Europe from the Oriental nation, is believed to provide a major argument against Japanese car makers maintaining factories on this continent. Honda has already confirmed it will abandon its English and Turkish plants.

Nissan Is To Cut 12,500 Jobs Around The World

Nissan has a factory in the UK, two in Spain, and one in France which is owned by Renault but also makes the Micra. The UK’s exit from the European Union, which suddenly looks like it might actually happen after all, could be a further worrying factor for the 7000 Sunderland staff.

The brand also has five plants in North America, four in Mexico and 21 either wholly owned or shared across Asia. Initial reports are said to put most of the job losses outside of Japan, most likely in those areas where sales are struggling or in factories that make less popular models.

The one-millionth Juke also came out of the Sunderland factory
The one-millionth Juke also came out of the Sunderland factory

Nissan has seen big falls in profits as it spends big on developing electric cars at the same time as global sales are slipping. Its net annual profits for the 2018/19 financial year were £2.37bn, down five per cent on the previous 12 months and the lowest since 2009/10, when the markets were decimated by the global financial crash.

To try to get back to the front of the game Nissan is working on expanding and improving its ProPilot driver assistance systems alongside developing new battery-driven and plug-in hybrid cars.

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Comments

Anonymous

My guess is that theyre going to close the englisch plant because when they can import those vehicles from Japan they dont need to make them here anymore

07/25/2019 - 10:05 |
9 | 0
BevR

In reply to by Anonymous (not verified)

That and the UK cutting off its nose to spite its face, 85% of the parts for the Sunderland plant are imported mainly from Europe.
its like Honda literally turned around a ship containing the equipment to allow Swindon to produce electric cars mid voyage once they lost confidence in the UK regarding Brexit- I am sure the trade deal was part of the decision but its been over a decade in the making.

07/25/2019 - 13:43 |
5 | 0
AndyGreeeny

Imagine being in a world where at least one million people want a Juke

07/25/2019 - 10:22 |
16 | 0

imagine being in a world where at least one million people have no taste

07/25/2019 - 10:34 |
8 | 0

imagine a world where more than 75% of people only care about ugly SUV

07/26/2019 - 05:22 |
2 | 0
Lord Saucius The Divine

I feel sad for the workers tbh

07/25/2019 - 12:16 |
4 | 0
Anonymous

Good. Their cars are crap anyways

07/26/2019 - 00:21 |
4 | 4
Anonymous

In reply to by Anonymous (not verified)

I agree. Except the GT-R, it’s ok.

07/26/2019 - 13:56 |
0 | 0
Anonymous

Not good for the work force but Nissan’s fleet is garbage anyway

07/29/2019 - 20:07 |
1 | 0
LEitner

Honest opinion: they don‘t sell because of the looks and i think it‘s obvious.

08/04/2019 - 23:25 |
0 | 0