Post by account_disabled on Mar 10, 2024 4:30:35 GMT -5
The cuts include ,00 layoffs that have been announced since May, and will mostly affect factories with low profit rates.
According to the source who spoke with the Reuters news agency , the measure will be announced together with the financial results on Thursday, July . Nissan said it had no comment.
The massive personnel cut is assumed to be the beginning of a complicated internal restructuring of Nissan, which is still suffering the negative effects of the dismissal of the company's former executive director, Carlos Ghosn, for a case of fraud and tax evasion.
Carlos Ghosn resigns as president of Renault
Layoffs?
A few months ago, Nissan predicted a % drop in France Mobile Number List its annual operating profits, after the % drop in the previous year, which puts it on track to record its lowest profits in years.
Nissan is going through a complicated situation, since a year ago it admitted falsification in the anti-pollution results of its models, its economy has been adrift.
This confession arose after Japanese authorities highlighted a practice carried out for vehicles produced in their plants and their partners.
Following the discovery of the forgery, authorities began conducting a much deeper investigation, finding that former Nissan Chairman Carlos Ghosn engaged in financial misconduct and tax irregularities during his time at the helm of the company, including failing to report monetary compensation at Nissan for almost a decade.
This has led to the industry having low numbers, and therefore a bad reputation.
Previously, the shipowner had already commented on the plan it has to readjust production volumes, in response to new market conditions, mainly in Mexico and the United States.
"The company confirmed the need to make this difficult decision given the decline that the Mexican automotive industry has suffered, as a result of various external factors, including increases in raw material costs, among others."
In Mexico, the layoffs were announced at the beginning of the year . According to the company's Director of Corporate Communications, Herman Morfin, at that time the process began with a first group of employees, and more movements were expected to conclude in the first quarter of the year.
Herman Morfin recognized that in 0 the Mexican industry reached its peak, and from that date the production curve began to decline. Among the main consequences were the reduction of the market and the subsequent “taking of measures” by all Nissan Mexico manufacturers.
Sales decrease
Sales in the domestic market in 0 decreased .% compared to 0, while by December the decline recovered double digits as unit sales fell 0.%, where Nissan Mexicana reported a decrease in its sales of .% in year.
On the other hand, vehicle production was reduced in the last month of 0 by .%, to accumulate a decline of 0.% in the year, where Nissan Mexicana's vehicle manufacturing was reduced by .%.
Despite the movement in the workforce, Nissan's commitment to Mexico continues, where investments of more than billion dollars have been integrated in recent years, with four vehicle production plants. It will soon announce the adjustments to its production.
According to the source who spoke with the Reuters news agency , the measure will be announced together with the financial results on Thursday, July . Nissan said it had no comment.
The massive personnel cut is assumed to be the beginning of a complicated internal restructuring of Nissan, which is still suffering the negative effects of the dismissal of the company's former executive director, Carlos Ghosn, for a case of fraud and tax evasion.
Carlos Ghosn resigns as president of Renault
Layoffs?
A few months ago, Nissan predicted a % drop in France Mobile Number List its annual operating profits, after the % drop in the previous year, which puts it on track to record its lowest profits in years.
Nissan is going through a complicated situation, since a year ago it admitted falsification in the anti-pollution results of its models, its economy has been adrift.
This confession arose after Japanese authorities highlighted a practice carried out for vehicles produced in their plants and their partners.
Following the discovery of the forgery, authorities began conducting a much deeper investigation, finding that former Nissan Chairman Carlos Ghosn engaged in financial misconduct and tax irregularities during his time at the helm of the company, including failing to report monetary compensation at Nissan for almost a decade.
This has led to the industry having low numbers, and therefore a bad reputation.
Previously, the shipowner had already commented on the plan it has to readjust production volumes, in response to new market conditions, mainly in Mexico and the United States.
"The company confirmed the need to make this difficult decision given the decline that the Mexican automotive industry has suffered, as a result of various external factors, including increases in raw material costs, among others."
In Mexico, the layoffs were announced at the beginning of the year . According to the company's Director of Corporate Communications, Herman Morfin, at that time the process began with a first group of employees, and more movements were expected to conclude in the first quarter of the year.
Herman Morfin recognized that in 0 the Mexican industry reached its peak, and from that date the production curve began to decline. Among the main consequences were the reduction of the market and the subsequent “taking of measures” by all Nissan Mexico manufacturers.
Sales decrease
Sales in the domestic market in 0 decreased .% compared to 0, while by December the decline recovered double digits as unit sales fell 0.%, where Nissan Mexicana reported a decrease in its sales of .% in year.
On the other hand, vehicle production was reduced in the last month of 0 by .%, to accumulate a decline of 0.% in the year, where Nissan Mexicana's vehicle manufacturing was reduced by .%.
Despite the movement in the workforce, Nissan's commitment to Mexico continues, where investments of more than billion dollars have been integrated in recent years, with four vehicle production plants. It will soon announce the adjustments to its production.