Nissan has announced another major round of job cuts, with 11,000 positions set to go worldwide as part of a company-wide restructuring in response to slowing sales and a difficult market environment.
This will bring the total number of layoffs announced by the Japanese manufacturer over the past year to around 20,000. That’s roughly 15% of its global workforce. Two-thirds of these new redundancies will be in manufacturing roles, with the remainder coming from sales, admin, R&D, and contract positions.
Nissan’s Chief Executive Ivan Espinosa confirmed the company will also shut down seven factories, though specific locations, including whether the UK’s Sunderland plant is on the list, have not been disclosed. The Sunderland facility employs about 6,000 of Nissan’s 133,500 global workforce.
Sales have dropped in both China and the US, which have been Nissan’s largest markets. A high-profile merger proposal with Honda and Mitsubishi collapsed earlier this year, too. If that deal had happened, it would have formed a £46 billion automotive company, ranking just behind Toyota, Volkswagen, and Hyundai in global vehicle sales.
Financially, Nissan posted an annual loss of 670 billion yen (£3.4 billion), blaming tariffs and rising costs for the drop. Nissan has not issued a forecast for the coming year, due to the “ongoing uncertainty around US trade policies”.
Nissan has also recently cancelled plans to build a new battery and EV plant in Japan
Is Nissan in trouble?
Leave a Reply
You must be logged in to post a comment.