Three months after announcing a redundancy programme that would affect 600 employees in plants of Zona Franca and Montcada in Barcelona, Nissan has taken advantage of its presentation of results for the last quarter to announce the reduction of its production and cut 12,500 jobs in all over the world.
The manufacturer nippon has pointed out the low sales figures and increasing costs as the two main reasons that have led you to take drastic measures of adjustment. During the first quarter of its fiscal year, the net profit of Nissan has dropped a 94.5 per cent, up to 6.400 million yen (approximately 53 million euros).
While during the first quarter of fiscal year 2019 the turnover of the sector dropped 6.8 %, with a total of 22.5 million vehicles, Nissan sales fell 6 %, to a total of 1.23 million units. In Japan, for example, sales have fallen by 2.6 %, in Europe and Russia 16.3 %, and in Asia, Africa and the Middle East 13.1 %.
Measures to be profitable in the medium term
The forecast for Nissan to full year estimated a decline of benefits with respect to the previous year of around 28 %, so they have begun to take measures to “ensure consistent profitability and sustainable in the medium term“.
The company plans to optimize its cost structure and its manufacturing operations, although it will continue updating its model range in search of global growth. Nissan reduced its production capacity worldwide by 10 % by the end of fiscal year 2022, and also its range of products by 10% by the same date.
In addition, the japanese constructor has announced the cut of about 12.500 jobs due to such optimization of the global production. Of time the manufacturer has not detailed these cuts and therefore we do not know if it will affect any of the plants in spain of the company.
However, Nissan will maintain its commitment to new forms of mobility and driving autonomous, with the development of the system of assistance ProPilot, the launch of more vehicles electrified (hybrid and electric) or partnerships like the one announced recently with Waymo.
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