The third largest automaker in Japan is suffering the might of its domestic market and as a result Nissan has announced voluntary retirement for cutting around fifteen hundred white and blue collar jobs in order to fight the shrinking domestic market. As a result workers above the age of forty five and working in the non managerial cadre are being offered voluntary retirement.
This action is being undertaken after the domestic sales of its non mini vehicles fell due to increasing competition in a market which is shrinking at a fast rate even though it has launched very few models. Recently the company had even cut jobs in US following slumping sales. In south Japan it has cut down on production and closed one of the three lines. Now with Nissan facing tough times Carlos Ghosn who is the CEO of the company will have to really work out something innovative if the company is to be brought back to shape.
Via: cnn
