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Nissan: Job Cuts and Request for Payment Deferral
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3 Articles
The Japanese manufacturer Nissan is struggling with declining sales. New CEO Ivan Espinosa has therefore announced a comprehensive restructuring program, including plant closures and layoffs. The company has now confirmed that it will also be reducing staff at its British plant in Sunderland. The automaker has also asked several suppliers in Europe and Great Britain for payment deferrals. The company has confirmed the job cuts but has not provid…
Confronted with serious financial problems, Nissan is multiplying the emergency measures, which go so far as to ask for a postponement of payments from its industrial partners. A risky strategy, but obviously mandatory to try to stay afloat. Nissan in full financial turmoil The situation is critical at Nissan. The Japanese manufacturer, once a must in the automotive industry, is going through one of the worst crises in its history. The last fisc…
In the midst of restructuring, Nissan was forced to ask its suppliers to delay payments in exchange for compensation. The Japanese group would lack liquidity.
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