Tokyo-headquartered international carmaker Nissan has announced that it is closing down its factory in Spain, resulting in 2,800 job cuts, which has prompted protests at the Barcelona plant.
Nissan is cutting production amid falling sales and weak demand against the backdrop of the Covid-19 lockdowns. The company plans to focus on key markets such as Japan, North America and China, SteelOrbis understands.
Meanwhile, Nissan’s alliance partner France-based Renault has announced 15,000 job cuts around the world within the scope of its €2 billion cost-cutting plan extended over three years. Accordingly, the carmaker’s production capacity will decline to 3.3 million by 2024 from 4 million vehicles in 2019.