Nissan wants to consolidate its global production base to 10 assembly plants, from 17, by the fiscal year ending March 31, 2028.
Nissan CEO Ivan Espinosa will double the number of planned job cuts and close more plants globally, including possible sites in Japan, to jump-start the carmaker’s faltering turnaround after the company booked a $4.5 billion net loss on massive restructuring charges.
Espinosa is turning up the heat on Nissan Motor Co.’s comeback with a new revival plan called Re:Nissan. It’s his first comprehensive plan since taking office and it will add 10,000 job cuts to the 9,000 previously announced. It also aims to shutter seven assembly plants globally.
Espinosa outlined the steps May 13, while giving financial results for the fiscal year ended March 31. Reflecting the uncertainty of tariffs, Nissan withheld earnings guidance for 2025.
Nissan wants to consolidate its global production base to 10 assembly plants, from 17, by the fiscal year ending March 31, 2028. That is four more closures than previously targeted.
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