NISSAN Motor Co today said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus at its sites.
The Japanese automaker said that it would reduce operations to a minimum level at its head offices in Yokohama along with other non-production facilities, including in nearby Atsugi, Kanagawa Prefecture, where its main R&D centre is located.
The 16-day closure will run between April 25 and May 10, affecting a total of 15,000 employees, the company said in a statement.
Even before the spread of the coronavirus, Nissan’s sales and profits had been slumping and it was burning through cash, forcing it to row back on a company said in a statement.
The automaker is due to announce a new recovery plan next month, and sources have told Reuters that executives see the need for the company to become much smaller company, selling 1 million less cars than its current annual target of six million units. – April 21, 2020, Reuters
