Finally good news:
Thursday, February 11, 1999
Nissan Diesel To Shut Truck Plant,
Cut More Jobs
TOKYO (Nikkei)--Nissan Diesel Motor Co. (7210), the
truck-making affiliate of Nissa n Motor Co. (7201), will shut
down a domestic truck-assembly plant and step up job cuts as
part of a push to return to profitability in the coming fiscal
1999 year, sources familiar with the company's plans said
Wednesday.
Revved-up restructuring at Nissan Diesel is expected to put
struggling Nissan Motor in a stronger position in ongoing talks
with DaimlerChrysler AG over a possible capital alliance.
Facing a second consecutive year of losses in fiscal 1998,
Nissan Diesel plans to close its Gunma plant at some point
during fiscal 1999, consolidating truck assembly at its main
Ageo facility. The Gunma factory, which assembles midsize
trucks, is Nissan Diesel's second-largest manufacturing base.
Nissan Diesel will also terminate its Ageo casting department,
ultimately integrating all domestic production at the main Ageo
plant.
In October, Nissan Diesel announced plans to eliminate 2,500
jobs on a group-wide basis. The company has now lifted the
target to 3,000 positions, or roughly 25% of its group work
force.
In a separate move aimed at raising efficiency, Nissan Diesel
will formally merge with sales unit Nissan Diesel Seller Co. in
fiscal 1999. The Tokyo office of Nissan Diesel Seller will close
in May, with its functions transferred to the parent
headquarters.
(The Nihon Keizai Shimbun Thursday edition) |
