Nissan looks to trim Tennessee factory workforce by 1200
July 31, 2008
The latest victims (since Monday) of the significant U.S. market shift away from trucks and SUVs appear to be 1200 workers at Nissan's Smyrna and Decherd, Tenn. plants. The Smyrna plant, which eliminates the night-shift truck production on August 11, builds the Xterra SUV, Frontier truck, Altima sedan and coupe, Maxima sedan, and Pathfinder SUV.
"It's the realities of the market," said Nissan spokesman Fred Standish to Automotive News. "Looking at it, we decided we had about 1200 employees in excess."
The voluntary buyouts -- which span three years -- will go to technicians and salaried employees, who will be offered between $100,000 and $125,000. Those who accept the offer can participate in the fiscal year beginning April 1 of this year, 2009, or 2010. Employees can sign up again in 2009 or 2010, but with reduced benefits.
Source: Nissan and Automotive News (Subscription required)