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Bloomberg
Nissan Motor Co ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as US sales continue to slide.
Nissan North America is closing US offices on January 2 and 3 to “optimise business performance and competitiveness,†the company said in an emailed statement. In a memo to employees, North America Chairman Jose Valls issued a 50% cut in employee travel expenses, effective immediately, Automotive News reported.
Nissan, grappling with an aging vehicle lineup and profit at decade lows, posted a third straight monthly US sales decline in November, delivering fewer than 100,000 vehicles. Makoto Uchida took over as chief executive officer this month to try to steady a company that has been in turmoil since former Chairman Carlos Ghosn was arrested a year ago. Uchida is slogging through a global restructuring that will trim 12,500 jobs.
Nissan said in January it would eliminate two shifts at its assembly plant in Canton, Mississippi, laying off as many as 700 workers.