Nissan

[W4TYY]

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can see a lot of people leaving/looking for new job if L1 or L2 dropped a shift. Especially to 1 Shift.could be talking about other regions not just Sunderland hopefully

 

[JJH]

Because they save on pension long term and also save on tax and percentages in future years.

I still don't get it. Not saying you are wrong but any company in such a mess would look to reduce costs, improve cash flow and shore up their balance sheet. Giving away lumps of cash and committing to higher future costings ( pensions) would negate these.

 

[Baldy1973]

3k 3%
3 k lump sum this year no 0%this year and 3 %next year I got told this on Friday wen a was in the gym from a rep

What a load of rubbish. Name the Rep if your not spouting crap

 

[fr2022]

I still don't get it. Not saying you are wrong but any company in such a mess would look to reduce costs, improve cash flow and shore up their balance sheet. Giving away lumps of cash and committing to higher future costings ( pensions) would negate these.

By giving a lump sum that’s a 1 off payment. If you give someone a percentage or non consolidated amount, then that’s a yearly cost for salary and for pension.

 

[Boz33]

You’d think the unions would be pushing for a modest increase/ or a lumper with no job losses and a promise to look at terms when conditions improve. It’s pretty obvious nissan are in the shit atm with terrible worldwide figures, so the main objective should be to retain jobs in the uk, rather than try and bend the company over for pay rises that may mean staff losses in the uk to pay for them.

 

[legend73]

3k 3%
3 k lump sum this year no 0%this year and 3 %next year I got told this on Friday wen a was in the gym from a rep

Any chance you could make that a bit more readable. Didn’t understand any of it

 

[Boz33]

Any chance you could make that a bit more readable. Didn’t understand any of it

Basically means 3k lumper, no pay rise this year, and a 3% pay increase next year by the looks of what he’s typed

 

[legend73]

Basically means 3k lumper, no pay rise this year, and a 3% pay increase next year by the looks of what he’s typed

Cheers mate, doubt a rep would spout anything in a gym. Or even go to a gym for that matter

 

[Hank Scorpio]

I still don't get it. Not saying you are wrong but any company in such a mess would look to reduce costs, improve cash flow and shore up their balance sheet. Giving away lumps of cash and committing to higher future costings ( pensions) would negate these.

The lump sum is likely non-con (not pensionable).

In their budgets they would have factored in a x% increase for staff. By simply making it say a £3k lump sum and non-con across the board, it means higher paid staff will be getting less then they budgeted for and the ER saves on pension contributions for all staff.

The money saved won’t be huge mind

 

[Gennaro Savastano]

You’d think the unions would be pushing for a modest increase/ or a lumper with no job losses and a promise to look at terms when conditions improve. It’s pretty obvious nissan are in the shit atm with terrible worldwide figures, so the main objective should be to retain jobs in the uk, rather than try and bend the company over for pay rises that may mean staff losses in the uk to pay for them.

Nissan isn't unionised.

 

[JJH]

The lump sum is likely non-con (not pensionable).

In their budgets they would have factored in a x% increase for staff. By simply making it say a £3k lump sum and non-con across the board, it means higher paid staff will be getting less then they budgeted for and the ER saves on pension contributions for all staff.

The money saved won’t be huge mind

I agree with that about the £3k lumper but the poster mentioned 3% pay rise .
I still can’t see them offering anything if reports of their account still are true
Hope I’m wrong as it would be a huge blow to the area.

 

[dangermows]

A lot of this will be impacted by all the city traders that retired.

 

[Boz33]

Nissan isn't unionised.

Ok then the reps or whatever passes for workforce representation at tenko.
Point still remains that staff retention is far more important than a payrise short term

 

[Gennaro Savastano]

Ok then the reps or whatever passes for workforce representation at tenko

It's just a works council type thing.

 

[Boz33]

It's just a works council type thing.

Hopefully they see the bigger picture and try to keeps jobs rather than payrises

 

[Gennaro Savastano]

Hopefully they see the bigger picture and try to keeps jobs rather than payrises

I don't think it will make much difference either way

 

[Boz33]

I don't think it will make much difference either way

Will see soon enough, rocky times ahead for Nissan as a company

 

[Gennaro Savastano]

Will see soon enough, rocky times ahead for Nissan as a company

Yep. I'm very worried to be honest.

 

[Boz33]

Yep. I'm very worried to be honest.

They’ll survive,whether someone else is in control of them at some near point in the future is anyones guess and what changes any potential new owner/partner brings is also anyones guess

 

[Gennaro Savastano]

They’ll survive,whether someone else is in control of them at some near point in the future is anyones guess and what changes any potential new owner/partner brings is also anyones guess

I hope you're right but understandably I am not confident.