May 28, 2020
Nissan shuts Barcelona plant with the loss of 2,800 jobs
Nissan is closing its factory in Barcelona with the loss of about 2,800 jobs, according to the Spanish government. The closure could cost Nissan, which has a major UK plant in Sunderland, up to €1bn, the government said. Nissan is part of a three-way alliance with Renault and Mitsubishi, which are restructuring global operations to enable them to work more closely. Even before the Covid-19 outbreak, Nissan's sales and profits had been falling, forcing it to pull back from the ambitious expansion plan of its now ousted leader Carlos Ghosn. In April, Nissan said that it expected to post an annual operating loss of up to 45bn Yen.
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