The company is not planning for involuntary layoffs and is part of its initiative to cut down global costs by $2.6bn.

Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

In a bid to cut US$2.6 billion (RM11.5 billion) in global costs, Nissan is offering buyouts to workers and cutting back shifts at its Smyrna, Tennessee, and Canton, Mississippi vehicle assembly plants,

SMYRNA, Tenn. (WZTV) — Nissan has confirmed that its plants in Smyrna, Canton, and Decherd will experience job cuts. The company stated it would initially seek volunteers for the layoffs, offering severance packages to those who opt-in.

Japanese automaker Nissan is slimming down its production in the U.S. and offering buyouts to workers in a push to cut jobs after reporting losses during the last quarter. Nissan is offering

Nissan failed to mention exactly when the plants will return to two shifts. However, the Smyrna site will start to build a plug-in hybrid Rogue in 2027, and this will require a second shift. The Canton site will also go back to a two-shift schedule and handle the production of an EV, likely arriving in 2028.

Nissan Motor Co. is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls a possible sale to Honda Motor Co.

When it announced its recovery plan in November, Nissan didn’t give details on where the job cuts might come. The workforce reduction of 9,000 people amounts to about 6% of its more than 133,000 global employees. The company also plans to slash its global production capacity by 20%.

The Japanese aim to save up to £2 billion. Unfortunately, achieving this goal requires sacrifices. Nissan is another brand facing a crisis caused by global changes in the automotive market. The Japanese company has just announced significant cuts in the USA.

Nissan has pledged to cut 9,000 jobs globally and reduce production capacity by 20 per cent. Read more at straitstimes.com.

According to a USA Today story, underperforming sales in China and the U.S. plus falling profits in the first half of fiscal year 2024 led Nissan to announce a 20% production capacity reduction and 9,000 global job cuts in November. Up next: Is a major development announcement set for Hinds County this year? Get the details

Nissan is slashing production at its US plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.   The move is part of Nissan Motor Corp.