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Read more with google mobile : Nissan suspends plan to cut 1,680 jobs in Spain

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Nissan suspends plan to cut 1,680 jobs in Spain AFP - Saturday, December 6 BARCELONA, Spain (AFP) - - Japanese automaker Nissan said Friday it has suspended a plan to cut 1,680 jobs at a Spanish plant and will instead implement a temporary work reduction programme. It said the company reached a deal with unions to immediately implement a "temporary labour force adjustment" plan until March 31 and which will affect 3,300 employees at its factory in the northeastern city of Barcelona. It emphasized in a statement that "this temporary measure is not intended in any way to replace Nissan's aim of changing its structure to ensure its competitiveness at the factory (in Barcelona) in 2010." Nissan had planned to cut 1,288 jobs in 2008 and a further 392 next year in Barcelona. In announcing the plan in October, the company blamed "the global economic crisis that has caused a dramatic decline in industrial output." Nissan said Friday that negotiations would take place between unions and management during the period of the work reduction plan. A spokesman for the Workers Committees union, Agustin Perez, said unions would present "an industrial plan offering voluntary departures and early retirements for the maximum number of employees" to avoid forced layoffs, "as we are aware that the company will continue to seek staff cuts." Nissan, in which France's Renault holds a controlling stake, is Japan's third-largest automaker and currently employs 6,100 people in Spain. Spain's auto manufacturing sector in the third biggest in Europe and accounts for just under 10 percent of the country's economic output and 15 percent of exports. It has been badly hit by the economic slowdown and many automakers in the country have announced staff cutbacks. Sales of new cars plunged 49.6 percent in November and Spain is now on the brink of recession after its economy shrank 0.2 percent in the third quarter. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Biggest months of job gains and lossesAP - 1 hour 57 minutes ago Reds become latest MLB team to hold ticket pricesAP - 2 hours 40 minutes ago Stocks turn higher after dismal jobs reportAP - Saturday, December 6 Nissan suspends plan to cut 1,680 jobs in SpainAFP - Saturday, December 6 Related Articles: Business Wall St Week Ahead: Stocks' latest rally may trip on harsh dataReuters - 19 minutes ago Polish villagers combating coal companyAP - 30 minutes ago Congress, White House seek auto bailout compromiseAP - 35 minutes ago Pentagon tests missile defense shield networkAP - 40 minutes ago Treasury yields bounce off lows as stocks riseAP - 46 minutes ago Enlarge Photo Nissan suspends plan to cut 1,680 jobs in Spain Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Do not disturb eggs: MP reveals Britain's oddest laws Cruise ship runs aground in Antarctica Fate of auto giants hangs by thread Diamond thieves pull off 100-million-dollar Paris heist Central banks slash interest rates to drive back recession View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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