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.
Nissan is cutting production and the size of its workforce at U.S. plants in the face of a “challenging” market.
When it announced its recovery plan in November, Nissan didn’t give details on where the job cuts might come. The workforce reduction of 9,000 people amounts to about 6% of its more than 133,000 global employees. The company also plans to slash its global production capacity by 20%.
NEW YORK -- Nissan Motor is offering buyouts to workers at three U.S. factories, Nikkei has learned, as part of the Japanese automaker's plans to cut production in the country by around 25% amid sluggish sales.
Nissan announced Wednesday that it's cutting U.S. production lines and offering employees voluntary buyouts to avoid layoffs.
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.
The company is not planning for involuntary layoffs and is part of its initiative to cut down global costs by $2.6bn.
According to a USA Today story, underperforming sales in China and the U.S. plus falling profits in the first half of fiscal year 2024 led Nissan to announce a 20% production capacity reduction and 9,000 global job cuts in November. Up next: Is a major development announcement set for Hinds County this year? Get the details
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. announces job cuts in the U.S., reducing workforce by 2,000 jobs and production at plants in Tennessee and Mississippi by 25%.