Nissan has cut planned production by a third at its top Japanese plant this month, Reuters reports, citing two people familiar with the matter.
Go deeper with GlobalData
The sources also disclosed that line workers in Kyushu, the third-largest island of Japan’s four main islands, were now working fewer than the usual eight hours a day due to scaled-back production.
Nissan was not immediately able to comment, Reuters says.
Nissan’s output adjustment comes after a poor set of financial results. The automaker reported “an almost complete wipe-out” in April to June profit. It cut its full-year outlook in the wake of “deep discounts” in the US after weak demand.
Nissan operating profit decimated in fiscal Q1
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
