Yomiuri: Nissan Offers Early Retirement to U.S. Workers

Dow Jones

May 30, 2025

By Taku Mukoyama

Yomiuri Shimbun Staff Writer

Nissan Motor Co., which is currently undergoing corporate restructuring, has started offering early retirement to U.S. employees in both white-collar and blue-collar positions, part of a plan that will ultimately see 20,000 total jobs eliminated worldwide, the carmaker said Wednesday.

The offers were made to employees doing administrative work, such as personnel affairs and planning, in addition to those working at a factory in Canton, Miss. Nissan has not revealed how many people are eligible.

This move comes in addition to previous measures, in which the company offered voluntary retirement to employees in the United States from April to September last year due to poor business performance.

Nissan's performance is rapidly deteriorating. In its consolidated financial results for the fiscal year ending March 31, which Nissan announced on May 13, the company reported a net loss of 670.8 billion yen.

In addition to the job cuts, the company is planning to eliminate seven factories worldwide.

Nissan has also decided to offer the option of early retirement to employees in Japan from July to August, the first time it has done so in 18 years. By speeding up domestic and international restructuring efforts, the company hopes to reduce related costs by 500 billion yen.

----

This article is from The Yomiuri Shimbun. Dow Jones Newswires and The Wall Street Journal were not involved in the creation of this content.

YDN-m0000117174-1

(END) Dow Jones Newswires

May 29, 2025 19:49 ET (23:49 GMT)

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