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For your information:
This press information was released by Nissan North America. Inc. in USA.
For Release on November 30, 1999 at 12:15 PST
NISSAN TO STREAMLINE U.S. OPERATIONS:
CONSOLIDATES SALES AND MARKETING WITH MANUFACTURING
GARDENA, Calif., (November 30, 1999) --- As part of its effort to increase operational efficiencies to support Nissan's global Revival Plan and profitability goals, Nissan North America, Inc. (NNA), announced today that it will restructure and consolidate some of its U.S. operations and reduce its workforce by approximately 1000 by March 31, 2001.
Nissan Motor Manufacturing Corporation USA (NMMC), located in Smyrna, Tennessee, will be merged into the NNA organization, effective April 1, 2000. In addition, NNA will consolidate and streamline back office functions in the area of Human Resources, Legal and Finance with Nissan Motor Acceptance Corporation (NMAC), Nissan's captive financing company. The consolidation of back office functions will become effective January 1, 2000.
Nissan's regional offices will be streamlined from eight locations to six locations with the merger of its Infiniti East operations into its Nissan North East offices, and the relocation of its Nissan Southwest operations into the National headquarters. The number of regions in terms of retailer support functions will remain at ten, seven Nissan division and three Infiniti division respectively.
"The Nissan Revival plan, announced on October 18, is an aggressive and far-reaching plan that is designed for the future success, profitability and growth of Nissan," said Nobuo Araki, President and CEO of Nissan North America, Inc. "Although Nissan's U.S. sales are up -- through the successful launches of the 2000 Maxima, Xterra, Frontier Crew Cab and 2000 Infiniti I30 -- we must operate more efficiently in North America to remain globally competitive."
He added, "It is especially important, in light of the continuing new products coming to North America, in the 2000 calendar year."
Nissan's North American workforce reduction will affect all levels of the company including executive level. The company's workforce reduction effort will be achieved through consolidation, attrition and layoffs as necessary.
"Through our restructuring efforts, we will gain additional marketing and production efficiencies," said Araki. "The bottom line is that we will not compromise our service to our retailers and customers through this reduction effort."
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