Nissan plans to close US operations for two days in early 2020. Affected employees will not be paid during the shutdown, which will take place January 2 and January 3.
The news was first reported by Motor1.com, and CNN Business confirmed the move with the auto maker. Affected employees will not be paid during the shutdown, which will take place January 2 and January 3."We've already taken measures to right size our operations in North America but this is just to optimize our business performance and competitiveness," a spokesperson told CNN Business.Nissan dealers, which are businesses independent of the automaker, will not be affected.
Nissan posted a big drop in profit and revenues in May, which then-CEO Hiroto Saikawa described as"rock bottom."Read MoreThen in July it announced it planned to cut 12,500 jobs worldwide and reduce its product lineup by at least 10% by the end of fiscal year 2022.Last month, Nissan cut its sales forecast for the year after yet another lackluster earnings quarter that saw profit plunge by 70%. The company said it expects to sell 5.
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