finance
Nissan to Cut 10% of European Workforce and Merge UK Plant Production Lines
Nissan plans to reduce its European workforce by around 10 percent as part of a global restructuring. The Japanese carmaker will combine two production lines at its Sunderland plant in the UK and cut 900 office jobs across several countries. The moves follow the company's announcement of 20,000 global job losses after reporting a substantial net loss.
GB NewsAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Nissan will cut around 10 percent of its workforce in Europe, according to the Financial Times. The company will also combine two production lines at its Sunderland plant in the UK. These steps come amid broader restructuring efforts by the Japanese manufacturer.
Nissan's Sunderland facility currently employs more than 6,000 staff. The Financial Times reported that Nissan will start talking to its workers on Tuesday about plans to cut 900 office workers. Those cuts will take place in European countries including France, Spain, and the UK.
Nissan is holding talks with Chery about building cars at the Sunderland facility. The company started production of the next-generation all-electric Leaf model in Sunderland in December. Last year, Nissan cut around 250 roles at the Sunderland factory through a voluntary redundancy scheme.
Nissan announced that 20,000 jobs would be lost across the company. 1 billion. Nissan stated that it would close seven plants around the world.
Nissan CEO Ivan Espinosa said it was 'not easy' to announce the changes. The job cuts and plant closures follow several cost-cutting measures in recent years as Nissan adapts to changes in the market, particularly in the electric vehicle sector. The Sunderland plant remains the largest employer in its region.
