Nissan Says About 1,000 US Staff Accept Early Retirement

Reuters
By Reuters
November 22, 2024Business News
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Nissan Says About 1,000 US Staff Accept Early Retirement
Line workers spot weld parts of the frame on the flex line at Nissan Motor Co's automobile manufacturing plant in Smyrna, Tenn., on Aug. 23, 2018. (William DeShazer/Reuters)

TOKYO—About 6 percent of Nissan Motor staff in the United States have accepted early retirement packages, a company spokesperson said on Thursday, as part of the struggling Japanese carmaker’s plan to cut 9,000 jobs worldwide.

Nissan had about 17,000 employees in the United States as of March, according to a security filing. Roughly 1,000 U.S. employees are set to leave Nissan by the end of this year as a result of the early retirements.

Nissan this month announced the global job cuts and a 20 percent reduction in manufacturing capacity after it slashed its annual profit outlook by 70 percent due to a sales slump in China and North America.