Nissan to cut 21,000 jobs in Japan

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The Independent Online

Japanese carmaker Nissan has announced a major restructuring of its operations in Japan, with the loss of 21,00 jobs. Three assembly plants are to be shut with the aim of cutting domestic production capacity by 30 percent a year.

Japanese carmaker Nissan has announced a major restructuring of its operations in Japan, with the loss of 21,00 jobs. Three assembly plants are to be shut with the aim of cutting domestic production capacity by 30 percent a year.

Under the three-year restructuring plan drawn up with partner Renault SA of France, the company will cut its worldwide work force to 127,000 by April 1, 2002, the company said.

Nissan, which has lost money in seven of the last eight years, also announced that it aims to turn a profit by April 2000.

The debt-ridden Japanese carmaker has undertaken a campaign to remake itself since Renault bought a 36.8 percent stake in Nissan for $5.4 billion earlier this year.

Jobs at Nissan's UK plant in Sunderland are not thought to be affected. The Amalgamated Engineering and Electrical Union said it had not been informed of any job losses at Sunderland and was not expecting any cutbacks at the factory.

General secretary Sir Ken Jackson said: 'Nissan's Sunderland plant will continue to play the central role in the company's European operations.

'This is a tremendous tribute to the workers who have made it the most productive plant in Europe. I believe the plant will go from strength to strength.'

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