As Nissan's Recovery Plan Evolves, the Number of Potential Job Cuts Grows

Steph Willems
by Steph Willems
as nissans recovery plan evolves the number of potential job cuts grows

Early last year, Nissan, watching global sales wane and the pressure on its (un)balance sheet increase, hinted at the potential for 10,000 job cuts, per sources. That number then rose to an official 12,500, as North American pressures added to woes in Asia and Latin America. The unexpectedly eventful year of 2020 began with buyouts in the U.S.

Now, a report out of Japan — one that seems to reflect the company’s anticipated new direction — claims the automaker’s workforce will require a 20,000-strong cull, this time with Europe as the focal point.

Kyodo news (via Reuters) claims the updated figure takes into account new pressures arising from the coronavirus pandemic. Mainly, cratering sales demand and the Renault-Nissan-Mitsubishi alliance’s anticipated mid-term plan, which will see each member focus on their core strengths in specific markets. Fewer markets for each, to be clear, with maximum use made of existing resources.

Recent reports claim the near future will see reduced production for the once-expansionist Nissan, with Europe playing a smaller role and the U.S. and China boosting their importance. Volume from those two countries would make up two-thirds of Nissan’s sales. Confirmation of the plan is expected next week.

The new report’s boosted layoff number, centered around Europe, jibes with claims that Nissan will relegate its presence in the continent to just a handful of strong-selling products; utility vehicles and commercial vans. Nissan is also expected to reduce its presence in Southeast Asia.

[Image: Nissan]

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  • Inside Looking Out Inside Looking Out on May 22, 2020

    I heard that Renault is in a danger too, to the point that it my disappear. Unless Government loan is big enough and is not thrown into black hole.

  • Jeff S Jeff S on May 23, 2020

    Agree Renault is in trouble as well. There will be more mergers and less choice as more and more consolidation of manufacturing to gain lower costs and more efficiencies. I doubt most of these companies will go away more likely they will get acquired by other companies looking to expand their presence.

  • MaintenanceCosts I saw my first IS500 out in the wild today (a dark-grey-on-black example) and it struck me that it was much more AMG-like than this product. (Great-looking and -sounding car.)
  • ToolGuy
  • Art Vandelay Props for trying something different. EVs should work well in this sort of race. The similar series running ICE run short distances like that
  • ToolGuy Well they wet the track down using sea water - from the South Pacific Ocean. Oceans may have a large amount of water, but it isn't infinite, is it? No, it isn't. So if this sport really takes off, what will happen when the ocean is drained? (And once you put the water on the dirt, how does it ever get back to the ocean?)
  • Bobbysirhan Some friends of mine were dazzled by a CUE demo that circulated on YouTube before this car reached the market. I was bewildered why anyone wanted a car as durable and dependable as their cellphones, but to each their own. One of them did actually show up with an XTS V-sport when the car first came out. He showed people CUE in my driveway, but I don't recall him offering demonstration rides to the assembled imported luxury car drivers. In the months that followed, I never saw or heard about the Cadillac again. He went back to driving his Yukon Denali until I moved away a year or two later.