And in the end, we need Japan and the US to be generating cash." Following a sales slowdown, Nissan wants to reduce the headcount at the factories that make its Rogue SUV and the midsize Altima sedan.
Nissan Motor Co. is offering voluntary buyouts to workers at its manufacturing plants in Smyrna, Tennessee and Canton, Mississippi, to scale back production and cut costs amid cooling global sales, company spokesman Brian Brockman told Automotive Dive.
Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.
Japanese automaker Nissan is slimming down its production in the U.S. and offering buyouts to workers in a push to cut jobs after reporting losses during the last quarter. Nissan is offering
In a bid to cut US$2.6 billion (RM11.5 billion) in global costs, Nissan is offering buyouts to workers and cutting back shifts at its Smyrna, Tennessee, and Canton, Mississippi vehicle assembly plants,
Nissan is reducing its production capacity and workforce in Tennessee and Mississippi plants. Here's what to know.
Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability
The company is not planning for involuntary layoffs and is part of its initiative to cut down global costs by $2.6bn.
Times are tough at Nissan and drastic measures need to be put in motion. The latest example is cutting production of two of the brand’s best-selling models. According to Automotive News , Nissan in April will eliminate one of two shifts at its Smyrna (Tennessee) and Canton (Mississippi) assembly plants,
Nissan Motor Co. is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls a possible sale to Honda Motor Co.
Nissan failed to mention exactly when the plants will return to two shifts. However, the Smyrna site will start to build a plug-in hybrid Rogue in 2027, and this will require a second shift. The Canton site will also go back to a two-shift schedule and handle the production of an EV, likely arriving in 2028.
The Japanese aim to save up to $2.6 billion. Unfortunately, achieving this goal requires sacrifices. Nissan is another brand facing a crisis due to global changes in the automotive market. The company has just announced significant cuts in the United States.