Nissan closes the Barcelona plant, 3 thousand layoffs

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BALANCE SHEETS

The Japanese company has formalized the closure of the Barcelona plant. For the first time in the red balance after 11 years

by Simonluca Pini

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(AFP)

The Japanese company has formalized the closure of the Barcelona plant. For the first time in the red balance after 11 years

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Nissan has announced the closure of the Barcelona plant on the occasion of the disclosure of the 2019 financial statements, for the first time in red after 11 years. The Japanese brand is facing one of the most complex periods in history, which will lead it to a reduction in models, investments and above all to a range increasingly similar to the cars proposed by Renault and Mitsubishi. For 2020 Nissan expects the global auto industry volume to drop 15-20% from the previous year due to the Covid-19 pandemic.

Fall in turnover
The Japanese manufacturer pointed out a net loss as of March 31 of 671 billion yen in the 2019-20 financial year compared to 319 billion in profit in the previous financial year. It is the first time that the Japanese automaker has closed its annual accounts in red for 11 years. Turnover decreased by 14.6% to 9,878.9 billion. The operating loss amounted to 40.5 billion against a profit of 318.2 billion in 2018-19. As pointed out by the same manufacturer “The Covid 19 pandemic has had a significant impact on Nissan’s production, its sales and other activities in all regions and the impact is reflected in the annual accounts of the fiscal year 2019”. Sales decreased by 10.6% during the year to 4.93 million vehicles and the market share remained at 5.8%.
25 thousand jobs lost

If there are 3,000 direct employees of the Nissan plant in Barcelona, ​​according to the unions, the number would reach the worrying figure of 25,000 people. In fact, the plant is the largest in Europe, excluding that of Sunderland in Great Britain. The Spanish government had already anticipated the Japanese car group’s decision to close the plant. «We are sorry for this decision by Nissan, which leaves not only Spain, but Europe, a market of 700 million consumers and to concentrate its activities in Asia. And this despite the enormous efforts allowed by the government to keep the plant up and running, “said Foreign Minister Arancha Gonzalez Laya, speaking on national radio.



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