Nissan Opens Talks on Job Cuts at European Hub
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Nissan Motor has initiated discussions with union leaders regarding potential job cuts at its European headquarters in France, as part of a global restructuring plan. The company aims to reduce its workforce by 15% and cut production capacity by nearly 30%. Management is considering voluntary redundancies first, with decisions expected in October and details to be shared in November. This move is part of CEO Ivan Espinosas strategy to save 500 billion yen ($3.4 billion) by closing several plants and streamlining operations.
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