Nissan Motor stated on Thursday its U.S. unit would close operations for two days next month, as the company attempts to reverse a drop in profitability in the country.
The company has been attempting to cut expenses after its profit declined this fiscal year, hit by a stronger yen and declining sales in China and the United States. It was even forced to cut its forecast for operating income to an 11-year low.
“To optimize business performance and competitiveness, Nissan North America will implement two office closure days in the U.S. on January 2 and January 3, 2020,” Nissan stated.
The closure, however, would not impact dealers consisting of those of its Infiniti brand, the company stated.
Automotive News had previously reported that the Japanese automaker was putting the entire U.S. organization on two days of unpaid furlough next month and slashing employee travel expenses by half, effective immediately, mentioning a memo to employees.
The closure will impact the company’s headquarters located in suburban Nashville and assembly plants located in Smyrna and Decherd, Tennessee and Canton, Mississippi, the report added.
