Company to slash another 11,000 jobs, close 7 plants

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Company to slash another 11,000 jobs, close 7 plants

Nissan on May 13 announced sweeping cuts across the company with plans to lay off another 11,000 employees and close more than a half-dozen plants across the globe.

The latest cuts bring the carmaker’s total workforce reduction to roughly 20,000 jobs, which accounts for 15% of the Japan-based automakers workforce, according to

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Following a whirlwind year, the company announced it would also close seven plants, Reuters reported. The move will cut the number of its production plants from 17 to 10.

It was not immediately clear which positions were being slashed and which plants were shuttering.

USA TODAY has reached out to Nissan.

Nissan employs more than 133,000 people worldwide, according to 

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, with about 21,000 people, including manufacturing employees, in the United States.

The new layoffs will bring Nissan’s total workforce cuts to about 20,000 jobs. Last year, the automaker announced plans to cut 9,000 workers and previously announced nixing plans to build a plant in Japan.

Newly named Nissan CEO Ivan Espinosa has rekindled optimism at the automaker.

“As you can see, our full-year financial results are a wake-up call,” newly named CEO Ivan Espinosa said during a press conference, according to Reuters and

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. The reality is very clear. Our variable costs are rising. Our fixed costs are higher than our current revenue can support.”

Espinosa, who replaced former CEO Makoto Uchida (2019-2025) recently revealed a handful of upcoming vehicles to the public recently including the new Leaf EV and the Kicks.

The hidden costs of owning a car: How fuel, maintenance and depreciation add up

The move comes on the heels of Nissan facing a plethora of challenges including new management, falling sales, and potential merger or acquisition. But analysts don’t see the company failing anytime soon, the Detroit Free Press, part of the USA TODAY Network reported last month.

Employees inspect the vehicles through an assembly line at Nissan Smyrna Assembly Plant in Smryna, Tenn., Tuesday, Dec. 3, 2024.

In December 2024, Nissan and Honda announced a plan to merge, but Nissan retreated from the negotiations in February.

This is a developing story.

Contributing: Reuters; Mark Phelan with The Detroit Free Press

Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at *****@*****.tld and follow her on X @nataliealund.

This article originally appeared on USA TODAY:

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#Company #slash #jobs #close #plants

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