The Business Times

Nissan to close Philippines car assembly operations

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 21, 2021 · 05:14 AM

    [MANILA] Japan's Nissan Motor will stop its Philippine car assembly operations, the Southeast Asian country's trade minister said on Thursday.

    The closure will affect the Almera model, and 133 workers will lose jobs, Philippine Trade Secretary Ramon Lopez said in a statement. It said the move was part of Nissan's "plan to optimise production and efficient business operations" in South-east Asia.

    REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    NissanPhilippines

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More