Nissan announces layoff of 20,000 workers

keioh · 02-09-2009, 12:50 PM

Quote:

Originally Posted by FairmanZ

Nissan has already done the engineering investment on the Z. To take stuff out would require further engineering investment, which wouldn't make for good ROI. These cars just started rolling off the production line, they need to sell them to make money. The Z has been one of the bright spots for Nissan, they need it to be a hot seller.

The most likely thing to happen is that Nissan will slow production to keep dealer inventory low. So the chances for a glut of left over '09s maybe less.

the job cuts will be phased out over a period of a year.

"Of the job cuts, 12,000 will be in Japan, and the rest will be overseas, it said. The company did not give a further regional breakdown. "

"As one key step in response to the dismal results, Ghosn said Nissan's global work force will be reduced by 20,000 through March 2010, to 215,000 from 235,000."

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