Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability

In a bid to cut US$2.6 billion (RM11.5 billion) in global costs, Nissan is offering buyouts to workers and cutting back shifts at its Smyrna, Tennessee, and Canton, Mississippi vehicle assembly plants,

Nissan announced Wednesday that it's cutting U.S. production lines and offering employees voluntary buyouts to avoid layoffs.

Nissan will operate a single shift on one production line at each of its two U.S. facilities, located in Smyrna and Canton, Mississippi, according to Bloomberg. It expects to go back to a two-shift schedule when it introduces new vehicle models in 2027 and 2028. The production cuts impact the Rogue in Smyrna and the Altima in Canton.

NISSAN Motor is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls a possible sale to Honda Motor.

Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability. The move is part of Nissan Motor Corp.