
Nissan tells workers closure of key Oppama plant not decided
The struggling Japanese automaker was reported on Saturday to be considering shuttering the plant in Yokosuka and the Shonan plant of its unit, Nissan Shatai Co, in Hiratsuka, raising uncertainty over the future employment and treatment of the workforce.
The country's third-biggest automaker by volume said last week that it will shut seven vehicle plants and cut 20,000 jobs globally after logging a net loss of 670.90 billion yen for fiscal 2024.
Nissan pioneered electric vehicle production at the Oppama plant, which has an annual production capacity of around 240,000 vehicles and employed 3,900 people, including researchers, as of the end of October last year. The Shonan plant builds commercial vehicles.
The prefectural government held an emergency meeting on Monday to discuss offering consultation and reemployment services in reaction to the potential closures.
"If they really do close, it will have a huge impact on employment and the economy," Kanagawa Gov Yuji Kuroiwa said at the meeting. "We will consider our options from a multitude of angles."
Following the discussions, Kuroiwa told reporters that Nissan contacted the prefecture on Saturday after the initial reports. Nissan officials visited the prefectural office on Monday to inform it that nothing has been decided.
The prefectural government conveyed to Nissan its hope that the automaker will endeavor to limit the consequences of its actions.
During a regular press conference on the same day, Yokosuka Mayor Katsuaki Kamiji emphasized the importance of the more than 60-year history of the Oppama plant and said he hoped it would be "restored to its former brilliance."
Nissan officials also visited the city on Monday.
© KYODO

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Nikkei Asia
31 minutes ago
- Nikkei Asia
Nissan sells $400m stake in India car plant to partner Renault
Nissan Motor sold its stake in an Indian joint venture factory to Renault as a part of a plan to cut seven plants. (Photo by Ryosuke Hanada) RYOSUKE HANADA and SHUHEI OCHIAI TOKYO -- Nissan Motor completed the sale of its 51% share in an Indian joint venture and automobile plant to alliance partner Renault Group for 35.3 billion rupees ($404 million) as part of the Japanese carmaker's restructuring, the company said Friday. The deal to sell its stake in the Renault Nissan Automotive India Private Ltd. (RNAIPL) venture with French automaker Renault was announced by Nissan in March and slated for completion in the first half of this fiscal year. Both common and preferred stock were sold.


Nikkei Asia
an hour ago
- Nikkei Asia
Corporate Japan outlines Trump tariff impact on bottom line
Komatsu estimates that U.S. tariffs will increase costs by 75 billion yen for the year ending March 2026. (Komatsu) RYOSUKE HANADA and TAKESHI SHIRAISHI TOKYO -- Japanese companies are feeling the impact of higher U.S. tariffs under the Trump administration, with Nissan Motor, Komatsu and others outlining the financial hit to their earnings. In April, the Trump administration had increased tariffs on automobiles exported from Japan to 27.5% from 2.5%. This rate is brought down to 15% in a deal recently announced after more than three months of negotiations, with revised "reciprocal" duties taking effect next Thursday. But the burden on Japanese automakers remains heavy.


Nikkei Asia
2 hours ago
- Nikkei Asia
Japan corporate foreign-currency debt offerings hit record high
Bonds SoftBank, NTT, Kioxia tap into robust investor demand for bonds Nippon Telegraph & Telephone and Japan Tobacco are among the Japanese companies that have come out with big foreign-currency bond offerings in 2025. (Source photos by Nikkei) TAKAHISA TAMURA and YOSHINARU SAKABE TOKYO -- Japanese companies issued nearly $100 billion in foreign-currency debt in the first seven months of this year, an all-time high for the period, looking to diversify their funding channels while securing capital for overseas growth. The January-July total jumped 47% on the year to $98.7 billion, according to Mizuho Securities, the largest figure in data going back to 2000. Dollar bonds accounted for around 80%, with euro-denominated debt making up nearly all the rest.