Nissan to Cut 9,000 Jobs, Focuses Layoffs on Production Sites

Jan 21, 2025 | News On Japan

Jan 21, 2025 (News On Japan) - Nissan Motor is implementing a workforce reduction plan involving 9,000 employees, with over 70% of the cuts concentrated in production sites, according to a JNN investigation.

Last December, Nissan and Honda announced they had entered talks regarding a potential business integration. However, the successful implementation of Nissan’s restructuring measures is deemed crucial for the integration to move forward.

Sources reveal that the breakdown of the 9,000 planned reductions includes approximately 6,700 in production and other direct divisions and around 2,300 in indirect divisions such as administrative roles.

While Nissan has been cautious about closing factories, opting instead to reduce hiring and implement other measures, some insiders argue that the company still suffers from excessive production capacity and must consider more drastic closures. The effectiveness of the restructuring measures remains under scrutiny.

Source: TBS

Typhoon No. 7 (Mekkhala) Intensifies as It Tracks Toward Japan

Typhoon No. 7 (Mekkhala) strengthened into a very strong typhoon east of the Philippines by noon on June 22, with a central pressure of 940 hectopascals and maximum sustained winds of 45 meters per second, as forecasts showed the storm approaching Okinawa later this week while very moist air from the typhoon threatens to activate the rainy-season front over western and eastern Japan.

Japan Moves to Ease Thinner Shortage as Naphtha Shock Hits Builders

Japan will begin a new system on June 23 to sell paint and thinner directly from manufacturers to construction firms and other businesses, aiming to ease supply bottlenecks and curb price increases as worsening conditions in the Middle East make such materials harder to obtain.

Three Bear Cubs Seen Climbing Tree Putting Town on Alert

Three bear cubs were spotted climbing a tree in Hirogawa, Wakayama Prefecture, on the morning of June 22, prompting the town to put up warning signs and call on residents to stay alert, although no injuries or damage have been reported.

Risk Of Major Mosquito Outbreak This Summer

Mosquitoes are appearing earlier than usual this year, raising fears of a major summer outbreak as experts warn that warm May weather and repeated light rain have created ideal breeding conditions across residential areas.

Bears Growing More Aggressive in June and July

Bear attacks and sightings are increasing across Japan, with multiple people injured on June 17 and experts warning that bears are becoming more accustomed to human environments, potentially leading to more dangerous and unpredictable encounters in the years ahead.

MEDIA CHANNELS

MORE Business NEWS

Nikkei Ends Above 72,000 For First Time As Record Run Extends

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.

Rising Sugar Costs Leave Bitter Taste for Confectionery Lovers

Sugar prices are on a firmer upward trend as concerns grow over the impact of Middle East tensions and the weaker yen, raising the prospect of further cost pressure on confectionery and other food products.

Japan Enters 1% Rate Era

The Bank of Japan's decision on June 16 to raise its policy interest rate to 1%, the highest level in roughly 30 years, is expected to increase annual net burdens by more than 20,000 yen for households in their 30s with two or more members once higher interest income on deposits and increased mortgage repayment costs are both taken into account, according to estimates by an economist.

Hearing Aids for Dogs? Latest Pet Products in 2 Trillion Yen Market

A major pet-related product fair opened in Osaka on June 20, bringing together more than 400 companies and showcasing new technologies and products ranging from a bone-conduction hearing device for dogs to furniture designed for cats and their owners to relax together.