In the midst of a shrinking market, the Nissan Motor Co. announced the cuts of up to 1,500 blue and white collar jobs in Japan through a voluntary early retirement schemes for their employees. The scheme will bring, you will be held at the beginning of next June, the workers aged 45 and above in non-managerial positions, a Nissan spokesman. It will spend the first job is entertaining Nissan in his hometown. Japan’s third largest car maker has not seen its domestic sales, mini-vehicles fell in the middle of tough competition thus forcing the company to curb production at two domestic auto plants from April to announce by June. In addition, Nissan also closed one of the three lines at another factory in southern Japan until last September. The closure was to slow sales of the Nissan Teana attributed to high-end sedan. The Teana, a front-wheel drive mid-size car was introduced in 2003. The car is like the Maxima and Cefiro exported to certain markets. It shares the same platform with the North American Maxima, Altima, and the Presage. Under the hood of the Teana is either the 2nd 3 or 3 5-liter engine combines the well to the automatic transmission. It’s also trusted auto parts like the Nissan AC fitted radiator, engine, suspension, brakes, coolers and much more. The car is offered in four trim levels – the 230JK, 230JM, 230JS and 350JS. ”The program is likely Nissan will cost about 20 billion yen ($ 169 million) and we do not expect much of an influence on the outcome,” said Koji Endo, senior auto analyst at Credit Suisse Group in Tokyo, the Nissan share prices as ” neutral. “ ”The program is part of the series of measures to improve performance,” said Simon Sproule, Nissan North America Corporate Communications Vice President. Nissan will also release in 11 new or redesigned vehicles this year. The carmaker has offered a similar program in the United States, where more than twice the expected number of employees took the package. Total of 775 workers have agreed to leave the Smyrna assembly plant and Decherd engine and transmission factory, both in Tennessee, said the company last month. Nissan turned to acquisitions for U.S. sales of cars and light trucks fell 5th 3 percent in the previous year to 1 02 million, and this is its first annual decline since 2001. Nissan’s sales increased by U. S. 3rd 2 percent in the first three months of this year. The U.S. share of almost 30 percent of worldwide turnover of the automobile manufacturer. Nissan, held 44 percent by Renault SA of France, put a few new models in the past year. In addition, it seeks to produce new product lines soon. The car manufacturer recently been a reduction in employment in the U.S., where sales fell last year, he said, 775 workers at two Tennessee plants had accepted voluntary retirement last month. CEO Carlos Ghosn had promised last month to reach additional measures to help Nissan set objectives, but the company has missed the target has. Nissan slashed its annual profit forecast after a 22-percent decline in earnings in the October-December quarter. The retraction Ghosn forced to declare his company in a “performance crisis.” Earlier this month, said Nissan might be a key sales meeting, it missed the target to the next fiscal year, in another blow to Ghosn comeback plans. The Japanese car manufacturer aims to 4 sale. 2 million vehicles worldwide in the fiscal year ending March 2009 as part of a three-year revival plan. But weak performance in 2006, could mean a lack of new products in North America and slow sales in Japan are held liable, it might take longer to reach the goal agreed to a Nissan spokeswoman who, under the condition of anonymity speak. The company is due to the full-year results and updates to the “Nissan Value-Up business plan on 26 April announced.

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