Nissan to shut down global headquarter, other Japan facilities till mid-May

Nissan's sales and profits had been slumping and it was burning through cash, forcing it to row back on an aggressive expansion plan pursued by ousted
...
The 16-day closure will run between April 25 and May 10, affecting a total of 15,000 employees. (REUTERS)
The 16-day closure will run between April 25 and May 10, affecting a total of 15,000 employees.

Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus at its sites.

The Japanese automaker said that it would reduce operations to a minimum level at its head offices in Yokohama along with other non-production facilities, including in nearby Atsugi, Kanagawa Prefecture, where its main R&D centre is located.

Also check these Vehicles

Find more Cars
Nissan Sunny 2024 (HT Auto photo)
UPCOMING
1498.0 cc Diesel Manual
₹ 8.50 Lakhs
View Details
Nissan Juke (HT Auto photo)
UPCOMING
998.0 cc Petrol Manual
₹ 10 - 15 Lakhs
View Details
Nissan Leaf (HT Auto photo)
UPCOMING
₹ 30 Lakhs
View Details
Nissan Qashqai (HT Auto photo)
UPCOMING
998.0 cc Petrol Manual
₹ 25 - 30 Lakhs
View Details
Nissan Magnite (HT Auto photo)
999.0 cc Petrol Both
₹ 6 - 11.11 Lakhs
Compare
View Offers
Nissan X-trail (HT Auto photo)
UPCOMING
1995.0 cc Diesel Manual
₹ 26 - 32 Lakhs
View Details

The 16-day closure will run between April 25 and May 10, affecting a total of 15,000 employees, the company said in a statement.

Like many of its global rivals, Nissan has shuttered most of its global production facilities due to the virus, and operations at many of its vehicle plants in Japan have been suspended since earlier this month due to plummeting demand.

Even before the spread of the coronavirus, Nissan's sales and profits had been slumping and it was burning through cash, forcing it to row back on an aggressive expansion plan pursued by ousted leader Carlos Ghosn. The pandemic has only piled on urgency and pressure to renewed efforts to downsize.

The automaker is due to announce a new recovery plan next month, and sources have told Reuters that executives see the need for the company to become much smaller company, selling 1 million less cars than its current annual target of 6 million units.

First Published Date: 21 Apr 2020, 08:25 AM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.