Job cuts seem to be common in the news these days. And for Nissan Motors, addressing a sales slump means cutting down manpower to help curtail costs.
With the continued decline in car sales, Nissan has no choice but to cut manpower costs for its Sunderland which employs around 5,000 workers. 1,200 jobs are to be cut as Britain joins the ranks of businesses experiencing difficulties in light of the bad economy we are in today.
“It is essential we take the right action now to ensure we are in a strong and viable position once business conditions return to normal. Unavoidably, this means we have had to make some very tough decisions in recent weeks.
“However by doing so, we are helping to safeguard our long-term future which I believe is extremely positive.”
Job cuts in the auto sector are measures that many car companies hate to do. But if they want to continue operating, such measures have to be done even if it means laying off some workers.
(Source) AFP
Tags: auto manufacturers, auto sector, business conditions, car companies, car sales, economic slump, job cuts, manpower costs, Nissan, nissan motors, sunderland