In the United States, the Big Three are experiencing financial problems due to reduced sales as Japanese brands had increased their stake in the U.S. auto market. These problems have resulted to a massive workforce reduction. Ford, General Motors and Chrysler also closed down plants and reduced working hours and production to recover from losses that they suffered.
But the U.S.? Big Three are not the only car companies which have announced that they will be cutting down jobs. Nissan, the third largest Japanese car company, has recently announced that they will be implementing a voluntary retirement program which will reduce their workforce by as much as 1,500 blue and white collar jobs.
The said program will commence in June this year. It will be available for workers aged 45 years old or older and holding non-managerial positions. The said program is the effect of declining domestic sales for Nissan. …
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