Japanese automaker Nissan plans to cut 12.5 thousand employees worldwide by 2022 amid falling profits, the company said.
“To improve the plant’s load factor, Nissan will reduce production capacity by 10% by the end of fiscal year 2022. Along with optimizing production, the company will reduce the number of employees by about 12.5 thousand people,” Nissan said.
Over the same period, it is planned to reduce the company’s lineup by about 10%. What models are in question, not specified. Car parts for your Nissan you can find here.
The group’s net profit in April-June 2019 decreased by 95%, to 6.4 billion yen ($ 59 million). Revenue fell 13% to 2.3 trillion yen ($ 21.3 billion).More news you can find on this website.
The company is restructuring after the arrest of its former leader.
Former Nissan CEO Carlos Ghosn was arrested in Tokyo on November 19 last year. He is suspected of violating statutory reporting requirements, abuse of Nissan Motor funds, as well as misleading investors and regulators regarding his remuneration.
According to the Japanese television channel NHK, Ghosn planned to receive about $ 71 million in bonuses after retirement.
In March, Ghosn was released on bail in the amount of 1 billion yen ($ 8.93 million). Ghosn cannot use his mobile phone and contact Nissan executives and other people interested in the lawsuit.
Renault and Nissan will not unite
The French authorities are not considering the possibility of combining Renault and Nissan into one company, as previously assumed.
The French government does not consider the scenario of combining Renault and Nissan into one automobile corporation. This was stated by the Minister of Economy and Finance of France Bruno Le Mer.
“This issue is not being considered today. The issue of Renault management is on the agenda, ”quoted France Press Le Merah. During a working visit to Cairo, the Minister noted that the main priority for the development of companies for the French government is stability in the management of Renault.
Renault currently owns a 43.4% stake in Nissan. The company has the right to appoint the head of Nissan and members of its board of directors. At the same time, the Japanese company owns 15% of French shares and does not have such opportunities.
