Latest news with #MontignyleBretonneux
Yahoo
a day ago
- Automotive
- Yahoo
Nissan in discussions to cut jobs at European office amid restructuring
Japanese automaker Nissan Motor has commenced discussions with the union representing employees at its European regional office, Nissan Automotive Europe, regarding organisational changes, which are expected to include job reductions. These talks are part of the company's extensive restructuring efforts, as confirmed by internal company communications, as reported by Reuters. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You The company's regional office, which currently employs approximately 560 staff members, is located in Montigny-le-Bretonneux, France, and responsible for overseeing operations across the Middle East, Africa, Oceania, and India. According to the documents obtained by the publication, management has reached an agreement with the union to explore the option of voluntary redundancies prior to proceeding with any compulsory layoffs. The discussions are anticipated to be concluded by 20 October 2025, with a full briefing for the staff expected in November. In a 31 July email, Nissan vice chairperson for the region Massimiliano Messina said: "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. In the email, Messina communicated that there had not been any final decisions made at that point in time. The company's CEO, Ivan Espinosa, who assumed his role in April, has announced a comprehensive restructuring plan. This strategy includes reducing Nissan's workforce by around 15%, cutting worldwide production capacity by around 30% to 2.5 million vehicles, and diminishing the manufacturing sites from 17 to 10. The restructuring plan aims to generate savings of Y500bn ($3.4bn) for Nissan, which has been grappling with declining sales, particularly in China and the US. These challenges have been exacerbated by an aggressive expansion strategy that has not yielded the expected returns. In line with the restructuring, Nissan recently announced that it would cease production at its Civac plant in Mexico by March of the following year and wind down car manufacturing at its Oppama plant in Japan by March 2028, as well as at the Nissan-Shatai Shonan factory by March 2027. The company's latest sales figures indicate a 5% year-on-year decrease in global sales to 262,133 vehicles in June 2025, with both domestic and international sales experiencing a downturn. Sales in Japan fell by 3.7%, while overseas sales saw a 5.1% decline. As per a diversity report published in October last year, Nissan employs about 19,000 individuals across Africa, India, the Middle East, Oceania, and Europe, with the majority based in Europe. "Nissan in discussions to cut jobs at European office amid restructuring – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
5 days ago
- Automotive
- The Sun
Huge crisis-hit carmaker to slash MORE jobs amid wave of closures after profits dropped by 90% in one year
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. 3 3 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.
Yahoo
5 days ago
- Automotive
- Yahoo
Nissan begins talks with union to cut jobs at European regional office
By Daniel Leussink TOKYO (Reuters) -Nissan Motor has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, which has embarked on a major restructuring, confirmed it has entered consultations with staff representatives at Nissan Automotive Europe, its regional office in Montigny-le-Bretonneux, France, which has around 560 staff. The office, which also oversees Nissan's operations for Africa, the Middle East, India and Oceania, is set to undergo major changes, according to a person with knowledge of the issue who declined to be identified. Management and the union agreed to discuss voluntary redundancies before any forced layoffs, the document seen by Reuters showed. Talks are expected to conclude by October 20, with full details to be shared with staff in November, the document and the emails said. "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," Massimiliano Messina, Nissan's vice chairperson for the region, said in a July 31 email. Messina also said in the email that no decisions had yet been made. After taking the helm in April, CEO Ivan Espinosa announced a sweeping restructuring that includes cutting about 15% of Nissan's workforce, slashing global production capacity by nearly 30% to 2.5 million vehicles and the number of its manufacturing sites to 10 from 17. The automaker, which has seen weak sales in China and the U.S. compound pain brought on from an expansionist strategy, hopes to save 500 billion yen ($3.4 billion) with the restructuring. In recent developments, Nissan said last week it would stop output at its Civac plant in Mexico by March next year. It also said it will end car production at its Oppama plant in Japan by March 2028 and at Nissan-Shatai's Shonan factory by March 2027. The automaker employs nearly 19,000 people across Europe, Africa, the Middle East, India and Oceania, with close to 60% based in Europe, according to a diversity report published in October 2024. ($1 = 147.6400 yen)
Yahoo
5 days ago
- Automotive
- Yahoo
Nissan begins talks with union to cut jobs at European regional office
By Daniel Leussink TOKYO (Reuters) -Nissan Motor has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, which has embarked on a major restructuring, confirmed it has entered consultations with staff representatives at Nissan Automotive Europe, its regional office in Montigny-le-Bretonneux, France, which has around 560 staff. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service The office, which also oversees Nissan's operations for Africa, the Middle East, India and Oceania, is set to undergo major changes, according to a person with knowledge of the issue who declined to be identified. Management and the union agreed to discuss voluntary redundancies before any forced layoffs, the document seen by Reuters showed. Talks are expected to conclude by October 20, with full details to be shared with staff in November, the document and the emails said. "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," Massimiliano Messina, Nissan's vice chairperson for the region, said in a July 31 email. Messina also said in the email that no decisions had yet been made. After taking the helm in April, CEO Ivan Espinosa announced a sweeping restructuring that includes cutting about 15% of Nissan's workforce, slashing global production capacity by nearly 30% to 2.5 million vehicles and the number of its manufacturing sites to 10 from 17. The automaker, which has seen weak sales in China and the U.S. compound pain brought on from an expansionist strategy, hopes to save 500 billion yen ($3.4 billion) with the restructuring. In recent developments, Nissan said last week it would stop output at its Civac plant in Mexico by March next year. It also said it will end car production at its Oppama plant in Japan by March 2028 and at Nissan-Shatai's Shonan factory by March 2027. The automaker employs nearly 19,000 people across Europe, Africa, the Middle East, India and Oceania, with close to 60% based in Europe, according to a diversity report published in October 2024. ($1 = 147.6400 yen)
Reuters
5 days ago
- Automotive
- Reuters
Nissan begins talks with union to cut jobs at European regional office
TOKYO, Aug 5 (Reuters) - Nissan Motor (7201.T), opens new tab has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, which has embarked on a major restructuring, confirmed it has entered consultations with staff representatives at Nissan Automotive Europe, its regional office in Montigny-le-Bretonneux, France, which has around 560 staff. The office, which also oversees Nissan's operations for Africa, the Middle East, India and Oceania, is set to undergo major changes, according to a person with knowledge of the issue who declined to be identified. Management and the union agreed to discuss voluntary redundancies before any forced layoffs, the document seen by Reuters showed. Talks are expected to conclude by October 20, with full details to be shared with staff in November, the document and the emails said. "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," Massimiliano Messina, Nissan's vice chairperson for the region, said in a July 31 email. Messina also said in the email that no decisions had yet been made. After taking the helm in April, CEO Ivan Espinosa announced a sweeping restructuring that includes cutting about 15% of Nissan's workforce, slashing global production capacity by nearly 30% to 2.5 million vehicles and the number of its manufacturing sites to 10 from 17. The automaker, which has seen weak sales in China and the U.S. compound pain brought on from an expansionist strategy, hopes to save 500 billion yen ($3.4 billion) with the restructuring. In recent developments, Nissan said last week it would stop output at its Civac plant in Mexico by March next year. It also said it will end car production at its Oppama plant in Japan by March 2028 and at Nissan-Shatai's (7222.T), opens new tab Shonan factory by March 2027. The automaker employs nearly 19,000 people across Europe, Africa, the Middle East, India and Oceania, with close to 60% based in Europe, according to a diversity report published in October 2024. ($1 = 147.6400 yen)
