Nissan gives workers 2 unpaid days off as US sales slump

 

The Associated Press

 

 

FRANKLIN, Tenn. -- Nissan Motor Co. is making its U.S. factory and office employees take two days off without pay amid slumping sales.

 

The company's U.S. sales this year are down 7.8 percent through November.

 

Nissan says nearly all of its 21,000 U.S. workers must take Jan. 2 and 3 off without compensation. A company statement says the furloughs will "optimize business performance and competitiveness."

 

 

All of Nissan's U.S. factories and offices will be affected by the furloughs including the North American headquarters in Franklin, Tennessee, near Nashville. Nissan and Infiniti dealerships will remain open.

 

Most Nissan and Infiniti luxury brand models in the U.S. are in a sales slump, including the company's top seller, the Nissan Rogue compact SUV, with sales down 12.6 percent so far this year.

 

Nissan's profit from July through September was half of what it earned a year ago. The company's sales and brand power have crumbled following the November 2018 arrest of former Chairman Carlos Ghosn. Allegations against him include underreporting of his compensation and breaching trust by making dubious payments.

 

Last summer the Japanese automaker said it would cut 12,500 jobs, or about 9 percent of its global workforce, to pare costs and turn around its business.

 

 

 

 

printer friendly version | back to top

 

Get a roundup of top stories, recipes and more in your inbox weekly (we never share your email)


 

OTHER STORIES OF INTEREST


 

UPCOMING AREA EVENTS

 

 

Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Email