Buyouts - Nissan's Up Next

February 20, 2007

Nissan says it's offering buyouts to all its Tennessee hourly workers in a move announced today, proving that the pain in the auto-industry slump isn't being doled out entirely in Detroit.

While GM, Ford and Chrysler have sliced large chunks out of their workforces, the Japanese brands have largely been immune to major cuts. That is, until now. Nissan, faced with slowing sales around the world but most pointedly here in the States, needs a jump-start to keep Carlos Ghosn's star all shiny and pretty - and to keep Renault's expensive product realignment on course.

Get the full story here, and the official press release here.

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