Nissan Motor is considering closing several factories in Japan and overseas to cut costs -- sources
Nissan Motor is considering closing several factories in Japan and overseas to cut costs, planning to lay off about 15% of its workforce and reduce its global production facilities from 17 to 10. Sources say that the Zama and Shonan factories in Japan, as well as factories in South Africa, India, and Argentina, may be closed, and the number of factories in Mexico will be reduced. Nissan stated in a statement that reports about factory closures are speculation and not based on official information
Nissan Motor considers closing several factories in Japan and overseas to cut costs -- sources
Reuters Tokyo, May 17 - Sources revealed on Saturday that Nissan Motor Co., Ltd. 7201.T is considering closing two vehicle assembly plants in Japan and overseas factories in Mexico as part of its cost-cutting plan.
According to sources, Nissan is considering shutting down its Zama plant and Shonan plant in Japan, which would leave Nissan with only three vehicle assembly plants in the country.
Regarding overseas factories, one source said that Nissan is considering halting production at its plants in South Africa, India, and Argentina, and reducing the number of factories in Mexico.
Nissan announced a new round of cost-cutting plans on Tuesday, stating that it would lay off about 15% of its workforce and reduce its global production facilities from 17 to 10 in an effort to return to profitability. Nissan is Japan's third-largest automaker.
In a statement on its website, Nissan said that reports about the potential closure of certain factories are purely speculation from outside and not based on any official information from the company.
Nissan stated, "At this time, we will not provide further comments on this matter. We are committed to maintaining transparency with stakeholders and will communicate any relevant updates as necessary."
