Nissan to Cut 1,000 Jobs in Thailand Amidst Restructuring

[webfact]

File photo courtesy: NIssan 

 

Nissan is set to reduce or transfer approximately 1,000 jobs in Thailand as part of its strategic global restructuring plan, two inside sources have revealed.

 

Following the announcement of a significant worldwide workforce reduction earlier this month, this decision marks another step in realigning operations to enhance efficiency.

 

The Japanese automaker aims to consolidate its production by halting activities at its Thailand Plant No.1, one of two car manufacturing sites in the country.

 

Operations will be merged into Plant No.2, with the full transition expected by September next year. The sources, who preferred to stay anonymous due to confidentiality agreements, shared these plans, while a Nissan spokesperson declined to comment specifically on the job situation.

 

However, the spokesperson mentioned that the consolidation process involved equipment upgrades without closing any facilities in Thailand.

 

This move aligns with Nissan’s recent announcement to cut 9,000 jobs globally, after reporting less-than-stellar half-year financial results. In the US, approximately 6% of local staff have opted for voluntary retirement as part of the restructuring.

 

Located in Samut Prakan, the two Thai plants have substantial production capacities, having enabled Nissan to become a major player in Southeast Asia.

 

While Plant No.1 boasts a capacity of 220,000 units annually, Plant No.2 produces up to 150,000 units. Despite their strong presence, Nissan's sales in Thailand declined 30% to roughly 14,000 units in the last financial year ending March.

 

This restructuring comes amid rising competition from Chinese car manufacturers like BYD and SAIC, who are rapidly expanding their electric vehicle line-ups.

 

Nissan's Thai plants also manufacture SUVs like the Kicks and Terra, primarily targeting the Southeast Asian, Middle Eastern, and African markets, reported Bangkok Post.

 

-- 2024-11-23

 

 

[ikke1959]

And the THB is getting stronger and stronger....I wonder why because you don't read a lot of positive news about economics of Thailand

[Captor]

More like this will follow concideting the strong THB.

[mfd101]

5 hours ago, webfact said:

This restructuring comes amid rising competition from Chinese car manufacturers like BYD and SAIC, who are rapidly expanding their electric vehicle line-ups.

China forcing The West to lift its productivity game ...

 

And soon Elon Musk will have the US government humming along, perhaps even GM & Ford as well!

[gargamon]

This has nothing to do with the strong baht. Nissan is having trouble worldwide and laying off people everywhere. Second tier Japanese manufacturer. Probably a takeover candidate in a few years.

[CallumWK]

3 hours ago, ikke1959 said:

And the THB is getting stronger and stronger.

 

I assume you have the PC screen with the foreign exchange chart upside down

 

[Ralf001]

Just now, gargamon said:

This has nothing to do with the strong baht. Nissan is having trouble worldwide and laying off people everywhere. Second tier Japanese manufacturer. Probably a takeover candidate in a few years.

 

The new Navara pickup will be made at the mitsubishi plant in Laem Chabang... might also be a factor to shutter one facility.

[Keep Right]

Nissan discontinued the Teana which was a very nice comfortable, roomy ride. It had a V6 engine that really sounded nice. Now Nissan's lineup is crap.

[Ralf001]

7 minutes ago, Keep Right said:

Nissan discontinued the Teana which was a very nice comfortable, roomy ride. It had a V6 engine that really sounded nice. Now Nissan's lineup is crap.

 

Was the V6 available in Thailand ... I thought they got the 2.0 and 2.5 4cyl engines.

[hotchilli]

6 hours ago, webfact said:

However, the spokesperson mentioned that the consolidation process involved equipment upgrades without closing any facilities in Thailand.

More automation and less manual workers needs....

[soalbundy]

A lot of that going on world wide.

[soalbundy]

1 hour ago, hotchilli said:

More automation and less manual workers needs....

Never saw a robot yet that bought a car or a washing machine.

[BigStar]

5 hours ago, ikke1959 said:

And the THB is getting stronger and stronger....I wonder why because you don't read a lot of positive news about economics of Thailand

 

Actually, you do.

 

Tourism in Thailand is set to make a comeback in 2024 with an estimated 36.1 million tourists projected to flock to the peninsula.

 

Foreign investment in Thailand surges 60% in first 9 months
 

Selective perception forces us to ignore such news as it contradicts the Thailand Perpetual Death Spiral forum narrative, one of our Basic Known Truths.

[ikke1959]

1 hour ago, BigStar said:

 

Actually, you do.

 

Tourism in Thailand is set to make a comeback in 2024 with an estimated 36.1 million tourists projected to flock to the peninsula.

 

Foreign investment in Thailand surges 60% in first 9 months
 

Selective perception forces us to ignore such news as it contradicts the Thailand Perpetual Death Spiral forum narrative, one of our Basic Known Truths.

Estimates is not a hard number... I hope to win the win the lottery too and with a vague number of 60% surge in the first 9 months... compared to which period?? And be fair Thai news is unreliable

[ikke1959]

4 hours ago, CallumWK said:

 

I assume you have the PC screen with the foreign exchange chart upside down

 

From 35 to 34 is in my opinion stronger and that in 2 weeks time

[CallumWK]

1 minute ago, ikke1959 said:

From 35 to 34 is in my opinion stronger and that in 2 weeks time

 

Hmm, I think they are still looking for cherry pickers in Finland, looks like you qualify

[Hummin]

3 hours ago, hotchilli said:

More automation and less manual workers needs....

More Chineese cars for deleted prices

[it is what it is]

7 hours ago, ikke1959 said:

And the THB is getting stronger and stronger....I wonder why because you don't read a lot of positive news about economics of Thailand

 

if you read, and understood, the article you'd know this has nothing to do with the thai baht, it's part of nissan's global restructuring program

[hotchilli]

2 hours ago, soalbundy said:

Never saw a robot yet that bought a car or a washing machine.

True, but I have witnessed robots working 24/7 for no pay or holiday and never phones in sick.... putting people out of work.

[hotchilli]

42 minutes ago, Hummin said:

More Chineese cars for deleted prices

Healthy competition is healthy, but CCP have their thumb on the scales...

[soalbundy]

Just now, hotchilli said:

True, but I have witnessed robots working 24/7 for no pay or holiday and never phones in sick.... putting people out of work.

so making products efficiently that the unemployed cant afford to buy.

[BigStar]

51 minutes ago, ikke1959 said:

Estimates is not a hard number... I hope to win the win the lottery too and with a vague number of 60% surge in the first 9 months... compared to which period?? And be fair Thai news is unreliable

 

But you haven't bothered reading the current numbers on which the estimates are based, because you don't want to. And it's a bit too early for year-on-year. You don't really need to compare Jan - Nov in previous years, a red herring.

 

The reliability of Thai news is merely the object of sneers here by our smug Economists without ever giving any of their own numbers. And, after sneering at one year's numbers, they'll turn right around and embrace them IF the current year's number are worse. Worse numbers are ALWAYS reliable. The purpose is to exaggerate the significance of the decline and revel in it as much as possible. Later, you can find other international orgs agreeing with the Thai figures--IF you look for them. Yawn.

[zhounan]

every void created by Western and Japanese companies is immediately filled by Chinese companies.

The problem is not Thailand, but Western countries and Japan losing strategic markets.