Nissan to Cut 1,000 Jobs in Thailand

Nissan Motor Co. has announced plans to cut or transfer approximately 1,000 jobs in Thailand as part of a global workforce reduction strategy aimed at addressing disappointing earnings. This decision aligns with Nissan's earlier announcement to eliminate 9,000 positions worldwide following a 70% cut to its profit forecast due to declining sales, particularly in key markets like China and North America. The consolidation involves merging operations from Thailand's Plant No.1 into Plant No.2 by September 2025, while maintaining production capabilities in the country. In the U.S., about 1,000 employees are opting for early retirement packages, reflecting a broader trend of automakers restructuring to enhance efficiency amid increasing competition, especially from Chinese EV manufacturers. The automotive industry is facing significant shifts, and Nissan's actions are part of a larger movement toward streamlining operations and focusing on future growth sectors. These job cuts come as sales in Thailand have plummeted by 30%, highlighting ongoing challenges for the company in a competitive market.