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Nissan CEO Says Nothing Decided on Restructuring

time23-05-2025

  • Automotive

Nissan CEO Says Nothing Decided on Restructuring

News from Japan Economy May 23, 2025 16:50 (JST) Yokohama, May 23 (Jiji Press)--Nissan Motor Co. President and CEO Ivan Espinosa told Kanagawa Governor Yuji Kuroiwa on Friday that nothing has been decided on possible restructuring measures, the governor said. The Japanese automaker is considering closing two assembly plants in Kanagawa, south of Tokyo, according to people familiar with the matter. Espinosa also told Kuroiwa that he would provide the governor with accurate information and that what Nissan would do would come in sight this month, according to the governor, who spoke to reporters following their meeting at the prefectural office in Yokohama. Kuroiwa earlier this week said that if the plants are closed, the impact would be enormous because Nissan has a very large presence in the prefecture. END [Copyright The Jiji Press, Ltd.] Jiji Press

Nissan Tells Workers Closure Of Key Oppama Plant Not Decided
Nissan Tells Workers Closure Of Key Oppama Plant Not Decided

Barnama

time20-05-2025

  • Automotive
  • Barnama

Nissan Tells Workers Closure Of Key Oppama Plant Not Decided

Photo taken on May 19, 2025, shows Nissan Motor Co.'s Oppama plant in Yokosuka, Kanagawa Prefecture. (Photo Credit Kyodo) TOKYO, May 20 (Bernama-Kyodo) -- Nissan Motor Co. on Monday told employees at its signature Oppama plant, near Tokyo, that reports of its planned closure were not definitive, according to some workers at the factory, Kyodo News Agency reported. The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan plant of its unit, Nissan Shatai Co., in Hiratsuka, raising uncertainty over the future employment and treatment of the workforce. The country's third-biggest automaker by volume said last week that it will shut seven vehicle plants and cut 20,000 jobs globally after logging a net loss of 670.90 billion yen (US$4.6 billion) for fiscal 2024. bootstrap slideshow Nissan pioneered electric vehicle production at the Oppama plant, which has an annual production capacity of around 240,000 vehicles and employed 3,900 people, including researchers, as of the end of October last year. The Shonan plant builds commercial vehicles. The prefectural government held an emergency meeting on Monday to discuss offering consultation and re-employment services in reaction to the potential closures. "If they really do close, it will have a huge impact on employment and the economy," Kanagawa Governor Yuji Kuroiwa said at the meeting. "We will consider our options from a multitude of angles." Following the discussions, Kuroiwa told reporters that Nissan contacted the prefecture on Saturday after the initial reports. Nissan officials visited the prefectural office on Monday to inform it that nothing has been decided. The prefectural government conveyed to Nissan its hope that the automaker will endeavour to limit the consequences of its actions. During a regular press conference on the same day, Yokosuka Mayor Katsuaki Kamiji emphasised the importance of the more than 60-year history of the Oppama plant and said he hoped it would be "restored to its former brilliance." Nissan officials also visited the city on Monday. -- BERNAMA-KYODO BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial

Nissan tells workers closure of key Oppama plant not decided
Nissan tells workers closure of key Oppama plant not decided

The Sun

time20-05-2025

  • Automotive
  • The Sun

Nissan tells workers closure of key Oppama plant not decided

TOKYO: Nissan Motor Co. on Monday told employees at its signature Oppama plant, near Tokyo, that reports of its planned closure were not definitive, according to some workers at the factory, Kyodo News Agency reported. The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan plant of its unit, Nissan Shatai Co., in Hiratsuka, raising uncertainty over the future employment and treatment of the workforce. The country's third-biggest automaker by volume said last week that it will shut seven vehicle plants and cut 20,000 jobs globally after logging a net loss of 670.90 billion yen (US$4.6 billion) for fiscal 2024. Nissan pioneered electric vehicle production at the Oppama plant, which has an annual production capacity of around 240,000 vehicles and employed 3,900 people, including researchers, as of the end of October last year. The Shonan plant builds commercial vehicles. The prefectural government held an emergency meeting on Monday to discuss offering consultation and re-employment services in reaction to the potential closures. 'If they really do close, it will have a huge impact on employment and the economy,' Kanagawa Governor Yuji Kuroiwa said at the meeting. 'We will consider our options from a multitude of angles.' Following the discussions, Kuroiwa told reporters that Nissan contacted the prefecture on Saturday after the initial reports. Nissan officials visited the prefectural office on Monday to inform it that nothing has been decided. The prefectural government conveyed to Nissan its hope that the automaker will endeavour to limit the consequences of its actions. During a regular press conference on the same day, Yokosuka Mayor Katsuaki Kamiji emphasised the importance of the more than 60-year history of the Oppama plant and said he hoped it would be 'restored to its former brilliance.' Nissan officials also visited the city on Monday.

Nissan tells workers closure of key Oppama plant not decided
Nissan tells workers closure of key Oppama plant not decided

New Straits Times

time20-05-2025

  • Automotive
  • New Straits Times

Nissan tells workers closure of key Oppama plant not decided

TOKYO: Nissan Motor Co. on Monday told employees at its signature Oppama plant, near Tokyo, that reports of its planned closure were not definitive, according to some workers at the factory, Kyodo News Agency reported. The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan plant of its unit, Nissan Shatai Co., in Hiratsuka, raising uncertainty over the future employment and treatment of the workforce. The country's third-biggest automaker by volume said last week that it will shut seven vehicle plants and cut 20,000 jobs globally after logging a net loss of 670.90 billion yen (US$4.6 billion) for fiscal 2024. Nissan pioneered electric vehicle production at the Oppama plant, which has an annual production capacity of around 240,000 vehicles and employed 3,900 people, including researchers, as of the end of October last year. The Shonan plant builds commercial vehicles. The prefectural government held an emergency meeting on Monday to discuss offering consultation and re-employment services in reaction to the potential closures. "If they really do close, it will have a huge impact on employment and the economy," Kanagawa Governor Yuji Kuroiwa said at the meeting. "We will consider our options from a multitude of angles." Following the discussions, Kuroiwa told reporters that Nissan contacted the prefecture on Saturday after the initial reports. Nissan officials visited the prefectural office on Monday to inform it that nothing has been decided. The prefectural government conveyed to Nissan its hope that the automaker will endeavour to limit the consequences of its actions. During a regular press conference on the same day, Yokosuka Mayor Katsuaki Kamiji emphasised the importance of the more than 60-year history of the Oppama plant and said he hoped it would be "restored to its former brilliance." Nissan officials also visited the city on Monday.

Nissan tells workers closure of key Oppama plant not decided
Nissan tells workers closure of key Oppama plant not decided

Japan Today

time19-05-2025

  • Automotive
  • Japan Today

Nissan tells workers closure of key Oppama plant not decided

Nissan Motor Co on Monday told employees at its signature Oppama plant in Kanagawa Prefecture that reports of its planned closure were not definitive, according to some workers at the factory. The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan plant of its unit, Nissan Shatai Co, in Hiratsuka, raising uncertainty over the future employment and treatment of the workforce. The country's third-biggest automaker by volume said last week that it will shut seven vehicle plants and cut 20,000 jobs globally after logging a net loss of 670.90 billion yen for fiscal 2024. Nissan pioneered electric vehicle production at the Oppama plant, which has an annual production capacity of around 240,000 vehicles and employed 3,900 people, including researchers, as of the end of October last year. The Shonan plant builds commercial vehicles. The prefectural government held an emergency meeting on Monday to discuss offering consultation and reemployment services in reaction to the potential closures. "If they really do close, it will have a huge impact on employment and the economy," Kanagawa Gov Yuji Kuroiwa said at the meeting. "We will consider our options from a multitude of angles." Following the discussions, Kuroiwa told reporters that Nissan contacted the prefecture on Saturday after the initial reports. Nissan officials visited the prefectural office on Monday to inform it that nothing has been decided. The prefectural government conveyed to Nissan its hope that the automaker will endeavor to limit the consequences of its actions. During a regular press conference on the same day, Yokosuka Mayor Katsuaki Kamiji emphasized the importance of the more than 60-year history of the Oppama plant and said he hoped it would be "restored to its former brilliance." Nissan officials also visited the city on Monday. © KYODO

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