Advertisement
UK markets close in 5 hours 36 minutes
  • FTSE 100

    8,357.03
    +2.98 (+0.04%)
     
  • FTSE 250

    20,474.56
    -17.43 (-0.09%)
     
  • AIM

    781.31
    +1.48 (+0.19%)
     
  • GBP/EUR

    1.1635
    +0.0013 (+0.11%)
     
  • GBP/USD

    1.2487
    -0.0011 (-0.08%)
     
  • Bitcoin GBP

    48,893.20
    -931.53 (-1.87%)
     
  • CMC Crypto 200

    1,315.38
    +15.29 (+1.17%)
     
  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • CRUDE OIL

    79.49
    +0.50 (+0.63%)
     
  • GOLD FUTURES

    2,315.80
    -6.50 (-0.28%)
     
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     
  • DAX

    18,550.71
    +52.33 (+0.28%)
     
  • CAC 40

    8,120.23
    -11.18 (-0.14%)
     

Nissan to cut around 160 office-based UK jobs

The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company's car at their showroom in Tokyo

LONDON (Reuters) - Nissan will cut around 160 office-based jobs in Britain as the Japanese company faces reduced sales amid plans to turn around its performance.

Last week, it committed to its northeast England factory and will source more batteries locally to avoid tariffs on electric cars after the UK's trade deal with the EU, calling the Brexit agreement an "opportunity" for the Sunderland site.

Nissan opened what is now Britain's biggest car plant in 1986 and made nearly 350,000 vehicles there in 2019.

Globally it has faced a torrid time in recent years and is cutting production capacity, model numbers and operating expenses.

ADVERTISEMENT

"We continually adapt our business to maximise efficiency in line with market conditions and we are currently in consultation with some of our office based staff," it said in a statement.

(Reporting by Costas Pitas. Editing by Andrew MacAskill)