Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company’s recovery plan remained urgent.
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
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Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant “an icon for Nissan.” He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the labor union.
Nissan closing its Oppama plant in Japan to cut costs
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