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Nissan to cut production capacity worldwide without shutting down domestic plants

Asahi reported on Saturday that Nissan Motor has decided to reduce the production capacity of its factories around the world from the current 7 million to 5.4 million units annually by the end of FY2022. The paper said the automaker will work more closely with Renault and Mitsubishi Motor to improve factory utilization rates in an effort to reduce costs. Meanwhile, the daily said the reduction will be mainly focused on Europe, adding that the automaker is not planning to close plants or reduce production lines in Japan, China, or the U.S. In a related story, Sankei reported that Nissan is looking to cut over 20,000 jobs mainly in Europe and emerging nations as part of a restructuring plan due to slumping sales amid the coronavirus pandemic.

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