Huge crisis-hit carmaker to slash MORE jobs amid wave of closures after profits dropped by 90% in one year

The Sun

6 days ago

A MAJOR carmaker is set to cut more jobs as it struggles to recover from a 90 per cent profit plunge and global plant closures.
The Japanese automaker has started crunch talks with union reps over job losses at its European regional HQ in Montigny-le-Bretonneux, France – where it employs around 560 staff.
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Nissan has confirmed that consultations are underway with staff representatives at Nissan Automotive Europe, which also manages the firm's operations across Africa, the Middle East, India and Oceania.
An internal document and emails, seen by Reuters, revealed that the office is facing sweeping changes.
A source close to the situation said major restructuring is planned, although full details are still under wraps.
The talks are set to wrap up by 20 October, with final announcements expected in November.
Managers and union bosses have agreed to look at voluntary redundancies first, before moving to any forced layoffs.
'Conducted with care'
In an email sent on 31 July, Nissan's regional vice chair Massimiliano Messina told employees: 'We are working diligently and respectfully with all parties to ensure that this process is conducted with care, transparency and in full compliance with legal requirements.'
He added that no concrete decisions had yet been taken.
The job cuts are part of a massive overhaul pushed forward by new CEO Ivan Espinosa, who took the helm in April.
The plan includes axing around 15 percent of the global workforce, cutting production capacity by 30 per cent and trimming the number of manufacturing sites from 17 to 10.
Nissan forced to close down another dealership with customers told in onsite message sales have 'concluded' for good
The struggling brand hopes the move will help it claw back 500 billion yen – roughly £2.7 billion – in savings.
Closures around the globe
In another blow, Nissan announced last week that it would shut down production at its Civac plant in Mexico by March 2026.
The company also confirmed it would end vehicle output at its Oppama facility in Japan by March 2028, followed by the closure of its Shonan plant – run by Nissan-Shatai – by 2027.
Nissan has been grappling with poor sales in key markets like China and the United States, which has added to the financial strain caused by years of aggressive global expansion.
The firm currently employs around 19,000 people across Europe, Africa, the Middle East, India and Oceania – with nearly 60% of those jobs based in Europe.
The Sun has approached Nissan for comment.