💨 Abstract

By 2028, Nissan will close its Oppama factory in Japan, transitioning production to a plant in Kyushu. This move, part of the company's restructuring, aims to reduce costs and enhance profitability. Nissan has struggled with declining sales, restructuring expenses, and high inventories, leading to substantial losses. The company also plans to reduce its global workforce by about 20,000 employees and decrease production capacity from 3.5 million to 2.5

Courtesy: WTOP Staff