Nissan : thousands of job threatened ? - The Point

Nissan, in great financial difficulty, would have to delete 20 000 jobs, or 15 % of the total workforce of the group, according to sources close to the matter i

Nissan : thousands of job threatened ? - The Point

Nissan, in great financial difficulty, would have to delete 20 000 jobs, or 15 % of the total workforce of the group, according to sources close to the matter interviewed by the japanese news agency Kyodo. These job cuts will affect employees from around the world, in the framework of the recovery plan he intends to unveil next Thursday, said the news agency.

Nissan had already announced last summer its intention to remove 12 500 jobs by march 2023, representing about 10 % of its global workforce, to reduce its production capacity by then. Asked by Agence France-Presse, a spokesman for Nissan declined comment on " speculation ". A source close to the manufacturer has acknowledged, however, with the Agence France-Presse that the previous restructuring plan launched in 2019 was "clearly" insufficient to cope with the severe worsening of the crisis in the global automotive market since the pandemic of sars coronavirus.

The plant of Nissan in Barcelona threatened ?

The new direction of Nissan "has already clearly said that it was necessary to reduce the fixed costs, all-out" and refocus on " ambitions realistic ", according to this source. Nissan has been building global production of more than 7 million units per year, but has only made 5 million in 2019. In Europe, its plant in Barcelona, overcapacity, appears, in particular, is particularly threatened, while its huge plant in Sunderland in the north east of England, should be given.

The alliance Renault-Nissan-Mitsubishi Motors needs to present on Wednesday its new strategic plan, aimed at considerably strengthening the synergies between the three manufacturers. But Nissan should keep the details of his own turnaround plan for Thursday, where it will also release its annual results for 2019-2020, ended 31 march.

Read also Nissan will be able to stay in Europe despite the Brexit ?

at the End of April, he had said to anticipate a net loss of between 85 and 95 billion yen (up to 810 million euros at current prices), its first since 2008-2009. In the aftermath of the results of Nissan, it will be the French Renault, also in great difficulty, decline in its savings plan. Closures site in France are in particular dreaded.

Updated Date: 22 May 2020, 05:33

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