Nissan could be reducing its workforce by 10,000 globally

Japanese automobile major Nissan could be cutting down its workforce by 10,000 globally, as reported by Kyodo News. The news agency mentions that these job cuts will be in addition to the early retirement options that Nissan had mentioned of in May this year giving a number of 4,800 globally. The total work strength of Nissan is around 1.39 lakh employees around the world. It is being said that the job cuts are expected to not take place in Japan but outside of it. This has made many believe that work strength at Nissan's UK centre in Sunderland could be axed. It has been already facing heat due to the uncertainty of Brexit. We reached out to Nissan India to find out if the company's India operations could get affected. However, the whole news was termed as speculation.

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Reuters mentions that a confirmed announcement would be shared by the company when it publishes its first-quarter earnings on Thursday and there will be no comments on the job losses before that. Nissan had been already facing a decline in sales in Europe and the United States. The timing too is not in favour of the company considering the arrest of Carlos Ghosn. the former Nissan boss due to misconduct. Even its partnership with Renault is under stress as the latter owns 43 per cent stage of Nissan and is also going through a complete transformation to strengthen the company post the Ghosn charges.

Earlier this year, Nissan India appointed  Sinan Özkök as President for its Indian operations. Sinan replaces Thomas Kuehl who was appointed president of the India operations in 2017. The Japanese automobile manufacturer mentions, Sinan, 49, has overseen a significant growth in Turkey for Nissan and brings with him 26 years of experience within the automotive industry. Sinan started his career with the French automobile brand, Renault in 1993. He has held key positions across Marketing, Dealer Network Management, Retail Operation and Sales. He then moved to Nissan in 2015. Commenting on the new appointment of Sinan Özkök, Nissan chairman of the Africa, Middle East and India region, Peyman Kargar, commented, "I am delighted that Sinan will be driving Nissan's business forward in India. Not only does he bring with him a vast experience of working within the industry over many years, but also has a proven track record."