Nissan This week is ready to start discussion about capacity job cuts at its Sunderland The manufacturing plant, as the Japanese vehicle manufacturer climbs a global initiative to reduce its workforce by 15 percent.
The company said that the purpose of this step is to increase the efficiency of the Northeast England The feature, converting it into “lean, more flexible” operation.
While Nissan did not specify the exact number of targeted posts for shortage, Japan’s Kyo News had earlier stated that the company wanted to shut 250 workers.
In a statement, a spokesman from Nissan said: “We will begin discussion about voluntary retirement opportunities and support from the company at the Sunderland plant this week.”
Job cut in Sunderland comes as part of a comprehensive restructuring effort, Ivan Aspinosa, Chief Executive Officer of Nissan, announced a plan to shut down seven plants worldwide.
However, the Sunderland plant is not expected to be one of those people to shut down.
Separately, Reuters reported on Monday that Nissan has asked some suppliers in the UK and the European Union to delay the payment to free the short-term money, as it scribes to promote cash.
Nissan Motor Corp suffered a loss of $ 4.5 billion for the financial year through March.
The company stated that the shake-up would “help create a lean, more flexible business” as it also warned the impact of the plans of US President Donald Trump for 25% tariffs on imported cars in the US.
Most of the cars made in the UK will be subject to 10 percent tariffs after the UK-US trade deal agreed last week in the UK.
Nissan has said that it is targeting 250 billion yen (£ 1.28bn) for cost savings as compared to the previous financial year.
Ivan Aspinosa, Chairman and Chief Executive Officer of Nissan said in May: “In front of the full-year 2024 performance and in front of the rising variable costs by the uncertain environment, we should prioritize self-reform with greater urgency and speed, the target for profit which depends less on the volume.
“As a new management, we are adopting a prudent approach to assure our goals and actively apply and ensure every possible opportunity to ensure a strong recovery.
“Rain Nissan is an action-based recovery plan that clearly underlines what we need to do right now.”