Nissan Motor Co. will undergo drastic restructuring, including a cut of 450 employees in the Kyushu area. The CEO of the company, Hiroto Saikawa, explained at a press conference on July 25 that between April to June, the company had lost 98.5% of gross profit compared to the same period a year before, making it the worst period ever. The company is planning to reduce the number of employees by 12,500 and contracts for 450 workers in Fukuoka and 430 in Tochigi will not be renewed. The company is also cutting jobs at its overseas bases. Source: Yomiuri Shimbun, 7/25/2019
Photo: Nissan Motor Corporation
Disclaimer: Fukuoka Now posts summaries of Kyushu area related news for the benefit of those who cannot read Japanese. Contents posted here are mostly summaries of publicly posted news stories from Japanese media organizations. Errors might occur during translation. Those errors are ours, and not the news source’s. Photos and images are sourced separately and are for illustrative purposes only. Please use this form to send feedback and questions.
