US Edition
Nissan Offers Buyouts to US Workers, Halts Global Pay Rises, Internal Emails Show
- Nissan initiated a voluntary retirement program for its U.S. Workforce during a six-month period last year amid declining global business performance.
- The offer followed a reported net loss of ¥670.8 billion for the fiscal year ended March 31, prompting accelerated restructuring including planned plant closures.
- The company plans to cut 20,000 jobs worldwide by March 2028, including early retirement offers for both white- and blue-collar staff and the closure of seven factories.
- New CEO Ivan Espinosa has expanded cost-saving efforts, stating, “We have a solid footing in terms of liquidity,” while seeking over 1 trillion yen from loans and asset sales.
- These measures aim to stabilize Nissan’s deteriorating financial position despite uncertainty over tariffs and ongoing challenges in its global operations.
28 Articles
28 Articles
Car firm 'discontinues cheapest model & halts pay rises' - after axing 20k jobs
A MAJOR car firm is reportedly discontinuing its cheapest model and halting pay rises just weeks after announcing £4billion in losses. The struggling car maker had announced plans to axe over 20,000 members of staff due to soaring production costs and disappointing sales. GettyThe Japanese automaker has been struggling financially recently[/caption] AFPCost-cutting measures will already see thousands of job losses with multiple factory closures…
Nissan has put his seat in Japan for sale to avoid failure. However, the value only allows him to survive for a few more weeks.
Huge carmaker thrown £1bn lifeline as fears grow over UK's biggest motor factory
AN ICONIC carmaker has been thrown a £1billion lifeline from the UK Government. The struggling car maker had announced plans to axe over 20,000 members of staff due to soaring production costs and disappointing sales. GettyAn iconic carmaker is on an urgent mission to save £5 billion[/caption] AFPOver 20,000 jobs could be cut as part of the brand’s bid to save cash[/caption] Nissan is looking to raise £5.2billion to stay afloat, with UK Export…
Struggling Nissan Motor Offers Early Retirement Option to Employees in U.S.; Move Is Part of Global Plans to Cut 20,000 Jobs, Eliminate 7 Plants
Nissan Motor Co., which is currently undergoing corporate restructuring, has started offering early retirement to U.S. employees in both white-collar and blue-collar positions, part of a plan that will ultimately see 20,000 total jobs eliminated worldwide, the car maker said Wednesday.
Nissan's Oppama Plant in Japan faces uncertain future as restructuring efforts take toll
Opened in 1961 on a former Japanese naval airfield, the facility was key in transitioning Yokosuka's economy from military to civilian, in the process manufacturing iconic models like the Bluebird.
Nissan could be offered '£1bn Government-backed loan' as it tries to turn around its fortunes
Politicians at a local and national level have been championing the Sunderland plant as its Japanese owners look to cut jobs and close factories at a global level
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