Nissan cuts production by 10% and fired 12.5 thousand employees

FineAuto
Nissan cuts production by 10% and fired 12.5 thousand employees

The Japanese automaker expects will reduce production capacity by 10% for 3 years under the strategic reforms to create an operating base that will ensure sustainable profitability in the medium term.

“The company strives to optimize the cost structure and manufacturing operations, increase brand value and update the range of products and achieve sustainable growth around the world, including the United States,” – said the representative of the brand.

Optimization implies a reduction of about 12.5 thousand jobs by the end of 2022 Vigoda, which will end in March 2023. Currently, Nissan employs 140 thousand people worldwide. By this time, also planned is the model line of the brand, at least 10%.

And some of the planned initiatives have already begun, and the company believes that it will take some time, so this brought some result.

Note that in the period from April to June this year, Nissan dealers have implemented to 1.23 million vehicles – 6% lower than the same period last year. Implementation in Japan fell by 2.6% to 126 thousand units in China rose 2.3%, to 344 thousand.

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