Nissan to make major cut-back

Posted on 9 Feb 2009 by The Manufacturer

Nissan has announced it is to cut 20,000 jobs globally over the coming year – a figure that represents 8.5 per cent of its total workforce.

It is unclear as yet which countries or specific plants will suffer losses though the announcement follows one in January that revealed 1,200 are set to be made redundant from the Japanese giant’s Sunderland factory here in the England.

The news comes in a period when governments worldwide are pushing to secure aid for an ailing automotive sector beset by a bottom-out in demand. The UK’s own package was announced late in January and consists of £2.3 billion worth of government securities on loans and extra money for January.

The scale-back will entail a 20 per cent drop in production this year.