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Spain

Nissan Motor to close Barcelona plant

Two Nissan workers climb the Nissan's plant fence at Zona Franca industrial state after the company announced its plans of shutting down the plant in Barcelona, Spain, 28 May 2020. Nissan reported that it will dismantle Barcelona's facilities affecting up to 30,000 direct and indirect jobs after some 40 years of business. EPA-EFE/Alejandro García

Japan’s Nissan Motor Co has decided to close its factory in Barcelona, resulting in the loss of about 2,800 jobs as part of a new worldwide three-year restructuring plan, the Spanish government said on Thursday.

The car company made the decision to end its operation in Barcelona despite proposals made by the local authorities to keep the plant running, the government said in a statement.

The closure would cost Nissan as much as 1 billion euros ($1.10 billion), the government said, urging Nissan to look at other options.

Via Reuters

Filed under BusinessSpain

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