Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production.
Nissan workers gather during a protest in Barcelona, Spain, Thursday, May 28, 2020. Japanese carmaker Nissan Motor Co. has decided to close its manufacturing plans in the northeastern Catalonia region, resulting in the loss of some 3,000 direct jobs.
Nissan Motor Co. reported a 671.2 billion yen, or $6.2 billion, loss for the fiscal year that ended in March, its first annual loss since 2009, in the aftermath of the global financial crisis.It said its global vehicle production dropped 62% in April from a year earlier to 150,388 vehicles. Global vehicle sales slipped nearly 42% last month.
It is reducing the number of its models and focusing on certain geographic areas, such as Japan, China and the U.S., to enhance its efficiency and profitability, rather than chasing sales size. Workers’ unions have warned 20,000 more jobs in Nissan’s supply chain in Spain are also at risk if Nissan closes its factory in Barcelona and two smaller ones in nearby towns.
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