Nissan to Reduce Workforce at European Offices as Part of Global Restructuring Efforts

Job Cuts at Nissan: Nissan plans to cut 87 jobs at its European office in Montigny, France, as part of CEO Ivan Espinosa's global restructuring plan aimed at streamlining operations and restoring profitability.

Restructuring Details: The restructuring will involve reducing global output by a third, closing seven plants, and cutting 15% of the workforce, with most affected roles in marketing and sales.

Voluntary Separation Program: The job cuts will be implemented in phases, starting with a voluntary separation program, and if necessary, compulsory redundancies may begin in early February.

Financial Challenges: Nissan reported an 8% decline in European retail sales and a significant net loss for the first half of FY25, prompting the need for these restructuring measures.