En este artículo:
(Bloomberg) -- Nissan Motor Co. is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls a possible sale to Honda Motor Co.
Most Read from Bloomberg
-
Manhattan’s Morning Commute Time Drops With New Congestion Toll
-
US Students’ Reading Scores Drop to Worst in More Than 20 Years
-
Texas HOA Charged With Discrimination for Banning Section 8 Renters
The Yokohama-based automaker said Wednesday it will move to a single shift from mid-April at one production line in each of the factories, and seek an unspecified number of voluntary buyouts or early retirements.
“We’re responding to the needs of the market based on where we are today,” David Johnson, the company’s senior vice president in charge of US manufacturing and supply chain, said in an interview. He declined to say how many fewer cars Nissan expects to produce or the amount of the estimated cost-savings from the reductions.
Nissan has pledged to cut 9,000 jobs globally and reduce production capacity by 20%. The streamlining effort reflects slumping profits and a push to bolster its negotiating position with Honda as the two automakers discuss a capital tie-up.
Nissan shares rose as much as 4.3% in early Tokyo trading. They are still down around 26% in the past 12 months.
The cuts impact Nissan’s two best-selling models in the US: the Rogue compact crossover SUV, which is made in Smyrna, Tennessee, and Altima mid-sized sedan built in Canton, Mississippi. The carmarker’s overall US sales volume grew 2.8% last year to 924,008 vehicles, but Altima model deliveries fell 11% and Rogue dropped 9.5%.
Those shrinking volumes have forced the company to halt output up to an extra day every week and extend holidays around Thanksgiving and Christmas. Moving to a single shift is designed to remove that slack and boost capacity. Nissan said it will continue to run a second shift at the other production line in both plants, which make vehicles such as the Pathfinder SUV and Frontier pickup.
The workforce reduction offer also applies to staff at a Nissan engine plant in Decherd, Tennessee, but the company said it doesn’t plan to eliminate any shifts at that facility. As of December, the carmaker’s Smyrna factory employed more than 5,700 workers, Canton had about 4,300 workers and Decherd had around 1,700 employees.
The company notified hourly workers at the plants on Wednesday and plans to communicate the cuts to suppliers within the next 24 hours. “Obviously, whenever you have a shift change like this, there are knock-on effects,” Johnson said. “We have experience in doing this from when we moved from three shifts to two shifts” at the two plants in 2018 and 2019, he said.