The Crisis Is Not Over, Nissan Offers Its Employees Early Retirement

KatadataOTO – The financial crisis experienced by Nissan has not yet been resolved. They are pursuing several methods.

One of them is by reducing the number of manufacturing employees from Japan worldwide.

Citing Kyodo News on Friday (30/05), Nissan is said to be offering early retirement options to workers at their factories in the United States (US).

“This is because the automaker is struggling and wants to accelerate efforts to improve the situation,” wrote Kyodo.

Photo : Nissan

However, Nissan has not yet disclosed details about the policy, such as the number of employees and the conditions for early retirement.

However, this decision is reportedly intended for workers in the administration department and vehicle assembly plants.

“This program is part of Nissan's streamlining efforts revealed early last month,” they continued.

Previously, the brand from the Land of the Rising Sun was rumored to be planning to lay off (PHK) thousands of employees.

They also plan to close seven factories in several locations around the world to smooth their efforts to recover from the financial crisis.

“Domestically (in Japan), Nissan will also offer early retirement to administrative staff this summer,” said the online media outlet.

By doing so, the existing workforce can be optimized to maintain their business lines.

Raise 1 Trillion Yen

On the other hand, Nissan is also taking several steps to resolve the ongoing financial crisis, such as issuing bonds or debt securities.

Then selling existing company assets, through which they hope to obtain fresh funds of 1 trillion yen or around Rp 113.1 trillion.

A source said the fundraising plan above has been communicated to the directors by executive officials.

Photo : Reuters

Previously, Nissan was rumored to have opened up the possibility of selling their headquarters in Yokohama, Japan.

The headquarters is reportedly included in the assets they will sell by March 2026.

However, the above step is considered not easy, given that the location has been Nissan's headquarters since relocating from Tokyo in 2009 and is close to the busy Yokohama Station.