Nissan Motor said it plans to eliminate 700 contract worker jobs at its Canton assembly plant in the US state of Mississippi in response to slowing local demand and rising competition.
This follows an announcement in December of plans to cut around 1,000 jobs at its two Mexican facilities, which mainly supply the North American vehicle market.
Go deeper with GlobalData
The Japanese automaker so far has spent US$3.4bn at its Mississippi facility which began operations in 2003 and currently employs 6,400 full time and contract workers.
It has capacity of 450,000 vehicles per year, split between the NV Cargo and Passenger vans, the Titan and Frontier trucks, the Murano SUV and the Altima passenger car.
The company said it would cut one of two shifts at its NV production line and reduce production at the Frontier and Titan truck line from three to two shifts.
Titan sales fell by 5% to around 50,000 units in 2018 and slowing economic growth is expected to put further pressure on demand this year.
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 GlobalDataSales of the Frontier pickup truck increased by 7% to 80,000 units last year, but new competing models from Ford and Fiat-Chrysler's Jeep division will also put pressure on Nissan's truck sales this year.
