EMCC European Monitoring Centre on Change

Nissan

Company/Organisation:
Nissan

Geographic Location

Country: World
Location of affected unit(s): Japan, Spain, France

Company

Sector: Manufacturing
Manufacture of transport equipment
29.10 - Manufacture of motor vehicles
Number Employed: 134000
Group: Renault-Nissan

Employment Effects

Announcement Date: 22-05-2020
Planned Job Reductions min: 20000
Planned Job Reductions max: 20000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2020

Additional Information

The Jananese carmakers, Nissan Motor, has announced a reorganisation to cut about 20,000 positions worldwide (15% of its global workforce). The restructuring plan is related to slumping sales amid the COVID-19 pandemic. However, the reorganisation had been in the making for several months. A plant located in Barcelone (Spain) should be closed. The group expect to cut mainly position in Europe and in some emerging economies as well as the realignment of output bases in Japan. This plan would be Nissan's most drastic job reduction since 1999, when the group, taken over by Renault, had cut 20,000 positions. Last year, Nissan announced 9,000 job cuts worldwide by 2023.

The global spread of the novel coronavirus has led to the suspension of Nissan's domestic and overseas plants, pressuring its sales in major markets such as North America and Europe. According to the company, Nissan's sales in the United States had dropped of 29.6 percent the first quarter 2020.  In Europe, the drop reached 38.7% for the first four months of 2020 in comparison to the same period in 2019.

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