Nissan to Close Seven Car Factories Amid Major Restructuring

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Nissan to Close Seven Car Factories Amid Major Restructuring
Photo: Koji Sasahara AP/TT

The debt- and loss-burdened Japanese car manufacturer Nissan will shut down 7 of the 17 car factories the company has today, according to Nissan.

The closures are part of a major steel bath – where it has already been reported in Japanese business press that 15 percent of the workforce, approximately 20,000 employees, will lose their jobs at Nissan in the downsizing.

The information about the personnel reduction is now confirmed by Nissan, which says that the number of employees will be reduced by 20,000 people over three years.

Another cost-cutting measure will be to reduce complexity in the group by reducing the number of so-called platforms from today's 13 to 10 years.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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