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Nissan: Job cuts will not result in layoffs in Tennessee



Nissan North America says a plan to cut 12,500 jobs worldwide will not cause any additional losses in Tennessee.

Car manufacturer announced at its headquarters in Tokyo on Thursday that the cuts will include 1,400 jobs in North America. But later in the day, a spokeswoman said these reductions have already happened.

Earlier this year, the company offered volunteer purchases to workers at the North American headquarters in Franklin and at the factory in Canton, Miss. The company has also cut some of its contract workers at the Canton factory.

So Nissan's production plant in Smyrna and its engine plant in Decherd, Tenn., Will not see any layoffs, according to the spokeswoman. Nor is it expected more cuts in the North American headquarters.

Nissan's Thursday announcement also included a plan to cut global production by 1

0% and reduce the number of models it produces over the next few years. [19659002] Nissan's sales have been in a nose dive with annual profits falling to less than half of what the company earned in the year before. Analysts owe, among other things, the decline in the trade war between the US and China, uncertainty about Brexit and new emission standards.

The Japanese car manufacturer is also struggling to fix its brand image after the arrest of former chairman Carlos Ghosn and former Franklin executive Greg Kelley. Both men are awaiting trial in Japan because of financial misconduct charges.


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