01/30/2025

Japanese Automaker Nissan Says It Plans U.S. Job and Production Cuts

The move is part of the company's plans to slash 9,000 jobs globally

Nissan 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 move is part of Nissan Motor Corporation's plans, announced two months ago, to slash 9,000 jobs globally, including in China, after it racked up a quarterly loss due to sinking sales and ballooning inventory.

At Nissan's plant in Smyrna, Tennessee, one production line will maintain two shifts, while the other line will consolidate to one shift, the company said.

Please select this link to read the complete article from The Associated Press.