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Nissan


southside said:
How long can a company keep sustaining such loses? 👎🏻
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They have a credible recovery plan with clear targets and early implementation steps.

They are making tangible progress (cost-savings ideas, better than expected Q1).

They are not yet at the “on target” stage of full recovery; they remain in transition, with substantial losses and many structural issues to resolve.

The biggest milestone to watch: Does Nissan hit positive operating profit + positive free cash flow in FY2026? If not, then the plan will be under serious pressure.

Chatgpts summary
 
I once clicked on a youtube link on here to some Nissan material. The algorithm now feeds me periodic US vids with posters outlining how Nissan is absolutely fucked. I don't watch them now as the thought of what it's demise would do to Sunderland is thoroughly depressing. Hopefully it's just clickbait shite.
 
Well I still think that NMUK will survive, it did ok the 35 years I was there and whatever needs to happen will happen, the Mackems and Geordies there will make sure of it, they are made of strong stuff...💪
Mind you a lot of car makers are in bother even Porsche, so I am glad my Nissan pension is covered by the PPF... 👍
 
Marky Mark said:
Well I still think that NMUK will survive, it did ok the 35 years I was there and whatever needs to happen will happen, the Mackems and Geordies there will make sure of it, they are made of strong stuff...💪
Mind you a lot of car makers are in bother even Porsche, so I am glad my Nissan pension is covered by the PPF... 👍
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The problems will be far away from the Mackems and the Geordies control.
 
Keith S30S said:
A canny lad I used to work with moved to work there, hopefully he's moved on. I don't think he liked it bar the cash.

It's a blessing it's not shutting for well over a year. Gives folk plenty of time to put some feelers out and move on.
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If I worked there I would be hanging on for my redundancy as anybody who works there will be able to get a job at one of the Nissan suppliers straight away.
 
Keith S30S said:
Depends on how long you've worked there I suppose. More than 5 years probably worth hanging on. Less than that you'll only get a few months money.
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A few of my mates hitting late 50's have been there for a good while and to a man they are happy to get out with some kind of lumpa. They have had enough and tbf it's not an easy place to graft. Much like Nissan and all the other suppliers I suppose. Best thing to happen to me was miserably failing the skills tests at Nissan when I was younger.
 
Gennaro Savastano said:
OK Keith. I bow to your superior knowledge.
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It isn't knowledge but life is uncertain. I started a good, new job a few years ago after taking redundancy. 2 and a half months later the administrators arrived and we were all laid off. I had to take a £10K a year wage cut just to get a job to keep the wolves from the door.

After about a year I got a job similar to what I had lost, all turned out OK but it took a while. Then 4 years later COVID stuck and I was laid off again 😂

You need to keep your wits about you. Nothing is guaranteed in this world. Especially for people who work at Nissan suppliers who are generally unskilled manual workers.
 
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