Carmaker Nissan to cut hundreds of jobs at United Kingdom plant

Carmaker Nissan to cut hundreds of jobs at United Kingdom plant

The Financial Times is reporting that hundreds of jobs are set to be lost in Sunderland as the fall in demand for diesel cars across Europe has led to a fall in output.

Nissan builds its Qashqai and Juke models at the northeastern English site and the company's sales in Britain, Europe's second-largest vehicle market, have fallen 35 percent so far this year, worse than overall demand in the sector, which is down 12 percent.

Automaker Nissan will lay off hundreds of workers from its vehicle plant in Sunderland in northeast England due to a sharp fall in diesel auto sales, a source close to the company told AFP on Friday.

About 7,000 staff are based in Sunderland. Around half a million cars are produced by Nissan at Sunderland each year, with an estimated 25 per cent being diesel.

The company said it was in discussions with employees and that any job losses would be among its permanent workforce and would be voluntary.

Nissan, which in 2016 announced that it would build new models in Britain, providing a boost to Prime Minister Theresa May, said on Friday its production changes were not linked to Britain's departure from the European Union. The Japanese group saw sales in Britain slump 35pc in the first quarter of this year to 34,794, according to data from the Society of Motor Manufacturers and Traders.

Nissan said it expects production volumes to recover as it begins to make the new models.

Related News:

Most liked

Federal Appeals Court Strikes Down Part Of 2016 Indiana Anti-Abortion Law
A federal judge struck down that provision past year - and the 7th Circuit Court of Appeals upheld that ruling. The law imposes an "undue burden" on a woman's right to get an abortion, said the 7th U.S.

SunTrust says ex-employee may have tried to steal customer data
SunTrust is the 12th-largest United States commercial bank by assets, according to the Federal Reserve. The company also says it will offer all new and current customers free identity-theft protection.

North Korea to suspend nuclear and missile tests
The decision was made on Friday during a plenary session of the Central Committee of the ruling Workers' Party. Their meeting is expected to be followed by the first-ever US-North Korea summit in May or early June.

Take-Two Interactive (NASDAQ:TTWO) President Karl Slatoff Sells 12263 Shares
AMP Capital Investors Ltd acquired a new stake in shares of Take-Two Interactive during the fourth quarter valued at $3,794,000. About 156,249 shares traded. eHi Car Services Limited (NYSE:EHIC) has risen 26.60% since April 20, 2017 and is uptrending.

National school walkout day across America in remembrance of the Columbine shooting
The teachers said they want the support they need to be effective in classrooms, rather than being armed with guns. The Forest City students stood quietly in front of the high school/middle school building during the walkout.

Crown Castle International Corp (reit) (NYSE:CCI) Shorts Strengthened By 0.31%
USA stocks fell on Thursday, with major indexes declining broadly as the latest round of earnings failed to extend a recent rally. Jefferies maintained the stock with "Buy" rating in Thursday, August 17 report. ( NYSE :REIT) rating on Friday, September 16.

Maker of jet engine in fatal accident wants more inspections
The NTSB also blamed metal fatigue for the engine failure on a Southwest 737 in Florida in 2016 that was able to land safely. He said the scope of FAA action will depend on whether investigators find fatigue in other fan blades on the broken engine.

Surprising Canadian Pot Smoking Facts In Honour Of 4/20 Day
Recreational pot use is gaining acceptance around the globe, though there are still relatively few places where it is fully legal. In Colorado, celebrations have dropped off significantly in the six years since the state legalized the drug's use.

Commonwealth leaders choose Prince Charles as next head of organisation
It has always been speculated by many that Charles may be passed over, in favor of his more popular son, Prince William. The head of the Commonwealth usually makes regular visits to the member states to foster these connections personally.

Pace students walk out to honor school shooting victims
Walkouts happened all across the country as students observe the anniversary of the Columbine shooting. Students gave thirteen seconds of silence for each of the lives lost at the Columbine shooting.

Probe into Prince's opioid death brings no criminal charges
One of Prince's sisters is expressing disappointment about the way the investigation into her brother's death was handled. An autopsy found he died of an accidental overdose of fentanyl, a synthetic opioid 50 times more powerful than heroin.

Peters resigns as Hurricanes coach
The Canes now find themselves searching for both a general manager, as Ron Francis was reassigned in March, and a head coach. He went 137-138-53 in four seasons in Raleigh, his first National Hockey League head coaching job.

Research Ratings: Tetraphase Pharmaceuticals, Inc. (TTPH), Navios Maritime Partners LP (NMM)
With 389,500 avg volume, 2 days are for Argos Therapeutics Inc (NASDAQ:ARGS)'s short sellers to cover ARGS's short positions. Checking in on some valuation rankings, Navios Maritime Midstream Partners L.P. (NYSE:NAP) has a Value Composite score of 2.

Red Sox complete sweep of Angels
And he a fourth last night, a leadoff homer off a similar 88 miles per hour chest-high pitch from Angels starter Nick Tropeano. Drew Pomeranz will make his season debut for Boston, while the A's will counter with Kendall Graveman.

Pacquiao: I Still Have a Couple of More Fights Before I Retire
"You won't see running or dancing in the ring", said Pacquiao, who has a 59-7-2 record with four of those losses coming in his last nine fights.