"Nissan is preparing to slash thousands of jobs across Europe under sweeping restructuring plans, in a fresh blow to the struggling Japanese carmaker as it battles weakening demand and the costly shift to electric vehicles."
"The company is expected to cut around 10 per cent of its European workforce and merge two production lines at its Sunderland plant, the UK's largest car manufacturing site."
"The cuts form part of a broader cost-reduction drive by the Japanese manufacturer, which has been under sustained pressure to restructure its global operations in response to slowing sales and fierce competition in the electric vehicle market."
"Despite the retrenchment, the Sunderland plant remains central to Nissan's UK operations and recently began production of the next-generation all-electric Leaf model last December."
Nissan is set to reduce its European workforce by approximately 10%, merging production lines at its Sunderland plant. The company will consult workers about eliminating around 900 office-based roles across Europe, including in the UK, France, and Spain. This move is part of a broader cost-reduction strategy in response to declining sales and competition in the electric vehicle market. Despite these cuts, the Sunderland plant remains vital to Nissan's UK operations, recently starting production of the all-electric Leaf model.
Read at London Business News | Londonlovesbusiness.com
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