playdoh43

http://www.autoblog.com/2008/10/31/n...cut-workforce/

The entire auto industry is hurting right now, and financial news from Nissan today is the latest evidence to support that overused statement. Nissan announced that it's shifting profit forecast for the fiscal year ending March 31, 2009 down by 65.9% (!) to $2.62 billion. To keep inventory in line with reduced demand, Nissan is also cutting its annual production forecast by 200,000 units and will shed 3,500 jobs. The U.S. job losses will come from a previously announced voluntary buyout program and 1,000 jobs will be shed in Japan where layoffs are much less frequent. The automaker's new global sales goal for the year is 3.77 million units, which is down from the latest estimates of 3.9 million cars and trucks and about even with last year's sales. Nissan is far from alone in its current struggle, as Honda, Toyota, Mitsubishi and Mazda are also struggling to keep sales afloat, with most of their troubles centered on the ailing North American market.

---I wonder if the Japanese companys' work forces are unionized in the US, certainly if it was Chevy or Ford thered be a massive battle vs the UAW

nycgps

iTrader: (1)

Are they gonna cut GT-R ? noooo ! :P

nahhhh

Just look at all of the auto companies, **** loads of 0% APR lately, u will know how shitty the market is.

superglue

That's sucks ***!

mosssj

damn, but Nissan really did start catering fairly hard to the US market which obviously isn't doing so well. Heck even Honda if I'm not mistaken is taking a beating and they were said to have shifted the least to the US market out of the big Japanese automakers.

risky business

yeah... i worked in express lube for nissan. they cut the whole express lube department along with our service writer, our parts van and our parts van driver..