Nissan offering buyouts to Tennessee workers

Nissan offering buyouts to Tennessee workersFollowing up Nissan’s first post of U.S. buyout packages offered a year ago, employees at as well-as; not only-but also; not only-but; not alone-but the Smyrna and Decherd powertrain plants in Tennessee will be offered a lump aggregate amount payout along with medical and car purchase benefits to leave. Last year, the buyouts attracted 775 workers, though the payout at that time was just $45k plus an adscititious $500 in the place of each year of service. This time, the lump sum starts at a rash $100k. Not surprisingly, Nissan is expecting more people to take the package this year than last. In fact, Nissan spokesman Fred Standish says that “market realities” mean that the Japanese automaker needs to shed more 1,200 overplus employees. The packages are open for a three-year window, with the greatest sum being offered towards workers who accept the packages this year. The Smyrna plant assembles the Frontier pickup, Altima, Xterra, Maxima and Pathfinder. Our bet is that the sedans will continue production as normal with the trucks and SUVs accounting for the lowered head count.

[Source: Automotive News - sub. req'd]

Tag: Sedans Saloons, SUVs, Trucks Pickups, Hirings Firings Layoffs, Nissan

admin on July 31st 2008 in Cars

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