Nissan to lay off 1,000 Mexican workers

MEXICO CITY: Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said. The layoffs will hit Nissan’s Cuernavaca and Aguascalientes manufacturing facilities. The company is still determining how the cuts will be distributed across the two plants but has already begun laying off people in Aguascalientes, Herman Morfin, a spokesman for Nissan Mexico, said. In a separate email, Brian Brockman, Nissan’s director of corporate communications, wrote that Nissan would adjust its production levels “in response to challenging market conditions in Mexico.” Nissan attributed its decision to a “decline suffered by the Mexican automotive industry,” driven by an increase in the costs of raw materials, among other factors. — Reuters