Japanese automobile giant Nissan Motor Corporation's announcement of plans to cut over 12,500 jobs globally has provoked intenses peculation in the country on where the axe will fall in its Indian operations.
While in their announcement made on Thursday, Nissan has notlisted the 14 sites or locations where it will cut the jobs, there are reportscirculating that 1,700 jobs will be lost in India.
"To improve its overall utilisation rate, Nissan willreduce its global production capacity by 10 per cent by the end of fiscal year2022. In line with production optimisations, the company will reduce headcountby roughly 12,500," Nissan Motor said in a statement announcing its first quarter results. "Furthermore, the company will reduce the size of itsproduct line-up by at least 10 per cent by the end of fiscal year 2022 in orderto improve product competitiveness by focusing investment on global core models and strategic regional models.
"While some of these initiatives are already underway,the company expects that substantial improvements in its performance will taketime," the statement added.
In India, Nissan and Renault have set up a joint venture(JV) car plant near here by the name of Renault Nissan Automotive India PrivateLtd (RNAIPL). The 4.4-lakh-unit production capacity plant rolls out Nissan andRenault branded cars.