Nissan announced today that it would cut production by 78,000 vehicles and reduce its work force by 500 temporary workers. It said that “further reduction is necessary to manage inventory levels and ensure a balanced production supply, in response to continued declines in global vehicle sales.”
The Japanese automaker said that it will implement non-operating days and reduce production line speed at its Kyushu plant along with its Yokohama Iwaki plant. The VQ engine assembly line will be reduced to one shift as of mid-January.
Over the last year, Nissan has cut production by a total of 225,000 units or 16 percent of its initial production forecast for the fiscal year 2008.
Source Nissan (via Detroit News)