Japanese auto major Nissan plans to cut over 1,700 jobs in India, mostly in manufacturing operations, as part of a global exercise to reduce headcount by over 6,000 across different locations.
In an analyst presentation, the company said it aims to cut over 6,100 jobs across six sites globally between FY2020 and FY2022.
The company had set a target of reducing of over 6,400 head count over 8 locations globally in 2018-2019.
As per industry sources, over 1,700 jobs could be impacted at Renault-Nissan alliance plant in Chennai as part of the ongoing process.
When contacted Nissan Motor India declined to comment.
The Renault-Nissan alliance plant and R&D facility account for around 40,000 direct and indirect jobs in Tamil Nadu. The plant has an installed capacity to produce 4.8 lakh units per annum.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app