Nissan to cut European office jobs under global restructuring plan [Yahoo! Finance]
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Source: Yahoo! Finance
According to a Reuters report, the Japanese automaker will cut 87 jobs as it seeks to streamline operations and restore profitability amid ongoing difficulties in important markets like Europe. Under Espinosa's plan, the restructuring will see Nissan reduce its global output by around a third to 2.5 million vehicles, streamline its manufacturing base by closing seven of its 17 plants and cut its headcount by 15%, equivalent to 20,000 jobs. Most affected roles are in marketing and sales, according to the news agency. Of the 87 positions the company plans to eliminate, 64 were already occupied at the time the company and employees' representatives reached the agreement last month. Nissan is creating 34 new roles and opening further vacancies to support internal redeployment, so the final number of redundancies is expected to be lower. The cuts will be implemented in phases, starting with a voluntary separation programme. If voluntary departures fall short, compulsory redund
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