Nissan is offering voluntary buyout packages to some employees at its manufacturing plant in Canton, Mississippi. The move comes as the company prepares to cut jobs and eliminate positions due to changing market conditions.
Around 4,300 workers currently employ at the plant, but Nissan did not specify which employees would be eligible for the buyouts or how many. However, according to Joey Deason, Executive Director of the Madison County Economic Development Authority, most affected employees are likely long-term workers nearing retirement age who can take advantage of an early retirement.
The buyout packages are part of Nissan’s effort to align production with market conditions while maintaining focus on delivering quality vehicles to customers. If eligible workers choose not to accept the offer, they will not be laid off. Instead, the company will reduce shifts and increase operational efficiency by consolidating lines.
Nissan plans to begin offering the buyout packages in mid-February, giving employees a little over a month to decide whether to accept. The move is seen as part of Nissan’s efforts to remain competitive and maintain its commitment to employee well-being.
Source: https://www.wlbt.com/2025/01/31/nissan-offering-voluntary-buyout-packages-some-employees-canton-plant