31.01.2025 17:40
The Japanese giant Nissan, which has been struggling with financial issues for a long time and is therefore preparing to lay off 9,000 employees globally, has taken action in the U.S. The Japanese automaker announced that it will reduce production and the number of employees at its Smyrna plant in Tennessee.
The Japanese automotive giant Nissan Motor announced two months ago that it was preparing to lay off 9,000 people globally due to declining sales and bloated inventories that resulted in losses.
Following the restructuring decision, Nissan reduced production to a single line at its facility in Tennessee. The Smyrna plant was producing Murano, Pathfinder, and Rogue SUVs, as well as the Infiniti QX60 luxury model. The production rate is also being reduced at the Canton plant in Mississippi, which produces the Altima sedan and Frontier pickup. At the Decherd plant in Tennessee, which manufactures engines, shifts will be gradually reduced.
PRODUCTION CUTS IMPLEMENTED
When Nissan announced its recovery plan in November, it did not mention which countries would be affected by the layoffs. The 9,000 employees to be laid off represent 6% of the total 133,000 global workforce. The company also plans to reduce its global production capacity by 20%.
Nissan, located in the port city of Yokohama, stated that the latest proposals are included in the overall workforce reduction plans and are designed to make operations more efficient and flexible. In its announcement regarding the matter, the company stated, "Nissan is taking urgent measures globally to improve its performance and create a leaner, more resilient business that can quickly adapt to changes in the market."
Nissan is preparing to release its financial results for the October-December period on February 13. Nissan shares rose 2% on the Tokyo Stock Exchange following reports related to U.S. plans.