Nissan to chop 11,000 extra jobs and shut seven factories | EUROtoday

Nissan has mentioned it would minimize one other 11,000 jobs globally because it shakes up the enterprise within the face of weak gross sales in its key markets of the US and China.

It brings the whole variety of layoffs introduced by Japan’s third-biggest automobile maker within the final yr to about 20,000, or 15% of its workforce.

It was not instantly clear the place the job cuts might be made, however the carmaker mentioned it could cut back the variety of its vegetation from 17 to 10 by 2027.

Nissan at present employs about 133,500 folks globally, with about 6,000 employees at its manufacturing operations in Sunderland.

The layoffs come on high of 9,000 job cuts Nissan introduced in November as a part of a value saving effort that it mentioned would scale back its world manufacturing by a fifth.

In February, talks between Nissan and its bigger rival Honda collapsed after the corporations didn’t agree on a multi-billion-dollar tie-up.

The merger would have created a $60bn (£46bn) motor trade big, the fourth largest on the earth by automobile gross sales after Toyota, Volkswagen and Hyundai.

After the failure of the negotiations, then-chief govt Makoto Uchida was changed by Ivan Espinosa, the corporate’s chief planning officer and head of its motorsports division.