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Nissan to tighten restructuring plan to weather crisis

2020-05-22T17:20:24.149Z

The Renault group's ally could announce the loss of 20,000 jobs next week.Nissan, Renault's partner - in which it holds 43.4% of the capital - will also announce its plan "without taboo". Next week, the Japanese manufacturer should formalize the elimination of 20,000 jobs worldwide by March 2023, or one fifth of its workforce, according to the Japanese news agency Kyodo News. Nissan has postponed publication of its annual results and the announcement of its savings plan...



Nissan, Renault's partner - in which it holds 43.4% of the capital - will also announce its plan "without taboo". Next week, the Japanese manufacturer should formalize the elimination of 20,000 jobs worldwide by March 2023, or one fifth of its workforce, according to the Japanese news agency Kyodo News. Nissan has postponed publication of its annual results and the announcement of its savings plan to May 28, while Renault will detail itss the following day.

Read also: Nissan, the old nugget of the Alliance, in full turmoil

The manufacturer had already formalized its intention to reduce its workforce by 12,500 people to readjust its industrial capacities. They are 7 million vehicles per year, while its annual sales are less than 5 million units per year. But after the crisis, the thump will be even harder. Particularly on the Old Continent where Nissan could withdraw in favor of Renault, its ally, to which it would entrust part of its production currently produced in its own

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Source: lefigaro

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