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January 26, 2021 03:31 PM

Nissan to cut 160 office-based UK jobs

Reuters
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    LONDON -- Nissan will cut about 160 office-based jobs in Britain as the automaker faces reduced sales amid plans to turn around its performance.

    "We continually adapt our business to maximize efficiency in line with market conditions and we are currently in consultation with some of our office based staff," Nissan said in a statement.

    Last week, Nissan committed to UK factory in Sunderland and said it will source more batteries locally to avoid tariffs on electric cars after the UK's trade deal with the EU, calling the Brexit agreement an "opportunity" for the site.

    Nissan built nearly 350,000 vehicles at the plant in 2019 including Qashqai, Juke and Leaf models.

    Globally it has faced a difficult time in recent years and is cutting production capacity, model numbers and operating expenses.

    Nissan's sales in the EU, ETFA and UK markets fell 27 percent to 290,343 vehicles in 2020 in a market down 24 percent, according to data from industry association ACEA. Nissan's market share dropped to 2.4 percent from 2.5 percent.

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