Japanese giant Nissan is considering plans to close two of its car manufacturing plants in Japan and Mexico as a cost-cutting plan starting this week.
Nissan is determined to stop two plant operations, namely Oppama and Shonan, and keep only three assembly plants in the country.
In addition, the company is looking at closing plant operations centered in South Africa, Argentina and India, while reducing the number of plants in Mexico.
Japan's third-largest automaker will reduce its workforce by about 15% and reduce plants from 17 to 10 worldwide as part of the company's recovery process.
Nissan said they would not comment at this time and are committed to maintaining transparency and will share information if necessary.
New CEO Chairman Ivan Espinosa said the aggressive strategy implemented by Nissan has the potential to enable the organization to expand production globally and not close domestic plants.
In addition, Nissan also announced that it will combine production of the Frontier and Navara models at its main plant in Civac, Mexico.
Performance assessment in 2024, Nissan has recorded fiscal sales of 3.3 million vehicles, a decrease of 42% since 2017.
