Nissan Reaches Buyout Goal
Submitted by BoarderPhreak on Sat, 11/08/2008 - 4:08pm
Related Terms :
Nissan North America Inc. has reached its goals for voluntary buyouts at its Smyrna and Decherd manufacturing plants, the company announced today.
Technicians and salaried employees at the two plants were offered a buyout plan to separate from the company with a lump sum payment plus medical and car purchase benefits and, for those who qualified, retirement benefits on July 30.
“This program has benefited everyone involved,” said Bill Krueger, senior vice president, Manufacturing, Purchasing, Supply Chain Management and Total Customer Satisfaction, in a release “Many employees who took advantage of the program are now pursuing opportunities that would not have been possible. The response has been good and we’re pleased with the way the program has been received by the employees.”
The Voluntary Transition Program was designed to balance staffing levels with assembly requirements, taking into account market conditions, production mix and productivity gains. The program was made available to employees only at Nissan’s Smyrna and Decherd manufacturing plants. Employees at other Nissan operations in Tennessee are unaffected.
The Smyrna plant currently manufactures Nissan Altima and Maxima passenger cars, Nissan Frontier pickup trucks and Nissan Xterra and Pathfinder sport-utility vehicles. The Decherd powertrain facility produces all engines for Nissan and Infiniti vehicles built in the United States.
