Japanese automaker Nissan is reducing its production in the US and offering buyouts to employees as part of an effort to cut 9,000 jobs globally. The company reported a $60 million loss in the previous quarter and plans to reduce production by 20% amid sales struggles.
Nissan is offering voluntary separation packages to workers at assembly plants in Tennessee, where it produces several models including the Rogue and Altima sedans. The Smyrna plant will cut one of two shifts, while the Canton factory that builds the Altima will also make similar reductions. However, some lines will continue with two shifts.
The Decherd plant in Tennessee will not reduce shifts but increase line speeds. Nissan’s spokesperson cited a need to align production with market demand and ensure competitiveness. The company aims to become more efficient under current market conditions while maintaining flexibility for future product programs.
Nissan is not alone in its restructuring efforts, as it explores a potential merger with Honda. The two Japanese automakers plan to establish a joint holding company and list it on the Tokyo Stock Exchange by August 2026.
Source: https://thehill.com/business/5117339-nissan-slimming-down-us-production-offering-buyouts