business

Nissan to offer severance packages to older U.S. workers

19 Comments

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The company reported in November that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn, by Japanese authorities.

Yes, well who's fault was that!?

10 ( +12 / -2 )

Le cost-cutting

1 ( +1 / -0 )

Nissan is just about all but done.

Dirty name now.

Best days Gone.

14 ( +16 / -2 )

Auto sector is overcrowded and Nissan is one of the weaker manufacturers. Merger or bankruptcy seem inevitable, just as Ghosn predicted.

11 ( +11 / -0 )

The Japanese auto maker won't say how many employees it is targeting to "leave"

But they have been asked them to assemble in an orderly fashion in the car park next to the black buses and expect to be charged with nefarious charges. It's the Nissan way. Or they could simply arrive at Narita and be Suprisingly arrested.

7 ( +8 / -1 )

Saikawa's legacy:an almost dead Nissan with no uber businessman to come and save it again.

Well done.

13 ( +13 / -0 )

The profits lost surely was in the billions as a result of Ghosn but yet the US workers are being punished with sayonara but nothing towards the Japanese workers. Seems pretty bias and unfair. The US Nissan had nothing to do with earnings lost as a result of Ghosn since he managed the Nissan Japan sector. Too bad the profits were swindled away by Nissan Japan. Sayonara Nissan.

6 ( +6 / -0 )

Japan Inc. is now into full on face saving mode, doubling down on the billions in market capitalisation already shredded through Saikawa and crew’s hatchet job on their erstwhile (in name only) leader. For the fast dwindling number of true believers in global oneness, Nissan’s contretemps have been a huge wake up call and eye opening reality check.

9 ( +9 / -0 )

No surprise for me, due to bad reputation created by japanese bad management, I am just very sorry , others had to pay for their actions. Therefore, the question, is it worth to help companies like Nissan ???.

6 ( +6 / -0 )

Earlier in January, Nissan made its U.S. employees take two unpaid furlough days.

What they didn't tell you is that this primarily affected management. Union employees were paid.

2 ( +2 / -0 )

The writing should have been on the wall when Nissan had the unpaid vacation days earlier this month. Hopefully everyone was getting ready for this kind of situation. And this might be just the beginning, sad to say.

3 ( +3 / -0 )

Redemption.

1 ( +1 / -0 )

What they didn't tell you is that this primarily affected management. Union employees were paid.

Since when does Nissan USA have union employees?

1 ( +1 / -0 )

Karma.

Sad that as usual the older worker is the one penalized. I wonder how many will be voluntold to separate or else.

4 ( +4 / -0 )

But they have been asked them to assemble in an orderly fashion in the car park next to the black buses and expect to be charged with nefarious charges. It's the Nissan way. Or they could simply arrive at Narita and be Suprisingly arrested.

@cricky I don't want to see anyone lose their job but your comment above made me laugh out loud and was spot on too. :)

3 ( +3 / -0 )

How Convienient.

0 ( +0 / -0 )

One word of advice to Nissan; ditch the CVTs!!!!

Many consumers would never consider a vehicle with CVT thanks to its ill reputation earned by Nissan, and the only way to earn back consumer trust is to ditch CVT and return to traditional automatics.

-1 ( +0 / -1 )

@garypen

Since when does Nissan USA have union employees?

NNissan workers voted no to mandatory union membership. However, there are still over 1,000 union members that joined of their own accord.

0 ( +0 / -0 )

NNissan workers voted no to mandatory union membership. However, there are still over 1,000 union members that joined of their own accord.

Over 1000 employees voted for the union. It doesn't mean that they belong to the union. The UAW doesn't have a contract with Nissan. So, there is no reason for Nissan to have paid the employees who voted yes.

-1 ( +0 / -1 )

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