The
car industry is calling for the government to intervene and
help them, after
Nissan has cut 1,200 jobs from their huge manufacturing plant
in Sunderland. The Japanese
car company claimed that the reduction in their workforce was
essential for the future, and that the
credit crunch is causing extraordinary circumstances for the
car industry.
Nissan employ 5,000 people in the North East, and the job cuts will
be a hard blow from the beleaguered car industry . Paul Everitt,
chief executive of the
SMMT, reportedly commented:
Swift action is necessary to limit the extent of the damage
and ensure we retain valuable industrial capability. Nissan
manufacturing senior vice-president, Trevor Mann, reportedly said:
Like all manufacturers, Sunderland Plant is currently
operating in extraordinary circumstances not of our making. It is
essential we take the right action now to ensure we are in a strong
and viable position once business conditions return to
normal.
As
car companies and
car dealers face bleak times, related
businesses such as
car finance also suffer.
