Nissan plans to cut around 900 jobs across Europe, approximately 10% of its European workforce, as part of a global restructuring effort, according to reports from TimesLIVE and BBC. The Japanese automaker will also consolidate production at its Sunderland plant in the UK by merging two lines into one, although no manufacturing job losses are expected.
Key Takeaways
Nissan plans to cut around 900 jobs across Europe and consolidate production at its Sunderland plant as part of a global restructuring effort. The move aims to reduce costs and improve profitability, with discussions ongoing about shifting distribution models in Nordic markets and partially closing a warehouse in Barcelona.
- Nissan will cut approximately 10% of its European workforce, totaling around 900 jobs
- Production at the Sunderland plant will be consolidated from two lines to one, with no manufacturing job losses
- The company is exploring opportunities for other manufacturers to use excess capacity at the Sunderland factory
- Discussions are ongoing about partially closing a warehouse in Barcelona and changing distribution models in Nordic markets
- Nissan's global restructuring plan aims to cut its total workforce by 15%
The job cuts will primarily affect white-collar and warehouse roles, with discussions ongoing about partially closing a warehouse in Barcelona and shifting to an importer model for Nordic markets. Nissan's current European headcount stands at around 9,300 employees. The company's sweeping turnaround plan, launched under CEO Ivan Espinosa, aims to restore profitability after heavy losses by reducing its global manufacturing footprint and cutting the total workforce by 15%.
The consolidation of production lines in Sunderland is intended to maximize plant utilization and explore opportunities for other manufacturers. According to Sky News, Nissan has been in talks with companies like Chery about using excess capacity at the Sunderland factory. The Financial Times first reported on the job cut plans, which are part of a broader strategic direction announced by Nissan.
Nissan is expected to update on the progress of its restructuring plan when it reports full-year financial results later this month. The company has stated that further elements of its strategic direction will be announced later in the year. Meanwhile, unions and employees are negotiating the final details of the job cuts, with the hope that the actual number of layoffs may be lower than initially proposed.
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