Citing slumping truck sales, Nissan North America is offering buyouts to employees at its Smyrna and Decherd plants, which employ a combined 6,600 people. The auto manufacturer also is eliminating its truck night shift on Aug. 11.
“The marketplace is changing and Nissan’s North American manufacturing operations must change with it to remain competitive,” said Senior Vice President Bill Krueger.
Officials said they are offering workers lump-sum payments of $100,000 or $125,000, depending on their tenure with the company. The package also includes medical and car buying benefits.
Nissan spokesman Fred Standish told the Associated Press the company has 1,200 more workers than it needs in Smyrna and Decherd, but will not resort to layoffs if it falls short of that target.
The buyout program will span three years, with benefits being trimmed at the end of an initial sign-up period Sept. 12. The company wrapped up a similar plan last year, which eliminated almost 800 positions.