BRIEF-Nissan Says It Plans To Reduce 2,500 Global Indirect Employees By Streamlining Operations, Implementing Hiring Reductions And Speeding Up Voluntary Separations

Feb 13 (Reuters) - Nissan Motor Co Ltd 7201.T:

• NISSAN SAYS TO AIM TO REDUCE COSTS BY AROUND 400 BILLION YEN UNDER TURNAROUND MEASURES

• NISSAN SAYS IT PLANS TO OPTIMISE ITS COST STRUCTURE AND REDUCE FIXED AND VARIABLE COSTS BY A TOTAL OF ABOUT 400 BILLION YEN IN FY 2026

• NISSAN SAYS MEASURES WILL REDUCE ITS BREAKEVEN POINT IN THE AUTO BUSINESS IN FY 2026 TO 2.5 MILLION UNITS FROM 3.1 MILLION

• NISSAN SAYS MEASURES WILL ENABLE IT A 4% STABLE OPERATING MARGIN

• NISSAN AIMS TO SAVE ABOUT 200 BILLION YEN ON SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

• NISSAN SAYS IT AIMS TO SAVE ANOTHER 100 BILLION YEN FROM RESTRUCTURING ITS MANUFACTURING BASE

• NISSAN SAYS IT PLANS TO REDUCE 2,500 GLOBAL INDIRECT EMPLOYEES BY STREAMLINING OPERATIONS, IMPLEMENTING HIRING REDUCTIONS AND SPEEDING UP VOLUNTARY SEPARATIONS

• NISSAN SAYS IT AIMS TO ACHIEVE ABOUT 100 BILLION YEN IN SAVINGS BY CONSOLIDATING PRODUCTION LINES, ADJUSTING SHIFT PATTERNS AND TRANSFERRING JOBS

• NISSAN SAYS IT AIMS TO CLOSE PLANT IN THAILAND IN Q1 OF FY2025, AND TWO OTHER PLANTS IN Q3 FY2025, FY2026, RESPECTIVELY

• NISSAN SAYS MEASURES WILL REDUCE HEADCOUNT IN VEHICLE AND POWERTRAIN PLANTS BY 5,300 IN FY 2025 AND 1,200 IN FY 2026

• NISSAN SAYS TO COMMIT TO SHIFT CHANGES AT SMYRNA, CANTON PLANTS IN THE UNITED STATES AS PART OF MEASURES

• NISSAN SAYS IT PLANS TO UPDATE DETAIL OF TURNAROUND PLAN IN A MONTH

Source text: [ID:]

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