Nissan in Japan is planning to recruit more than twice as many new university graduates in 2002 compared with 2001 as the affiliate of France’s Renault starts its return to profit.
Nissan said it would hire 440 new university graduates in 2002, starting in April. This compares with 200 this year while the intake will include 360 engineers, Nissan said.
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Under the revival plan ordered by French chief executive Carlos Ghosn, Nissan is expecting, for the first time in four years, to post a profit for the financial year ending March 31.
Nissan also plans to invest more in environmental and safety technologies whilst further cutting costs in areas such as parts procurement.
Despite the graduate recruitment drive, the company still plans to reduce its 21,000-strong workforce worldwide by 14 percent through March 2003.
Beginning next April, Nissan will introduce a programme where workers due to retire at age 60 are rehired on renewable one-year contracts until they reach 63. Employees who are rehired will be classified as skilled factory workers.
Around 300 to 400 workers retire from Nissan every year but the company has not said how many employees it plans to rehire under the scheme.
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