Nissan offering buyouts to 775 Tennessee workers

Seems like few automakers are immune to downsizing these days, and Nissan is no exception. Today the automaker announced it's reducing its workforce in Tennessee by 12.5%, which equates to 775 heads. The reduction come via way of voluntary buyouts that include a $45,000 cash payment and additional $500 for every year worked. All the workers come from Nissan's two assembly plants in Tennessee, one in Smyrna where the Altima and Maxima, Pathfinder and Xterra are built, and the other in Decherd, which builds the engines to supply the Smyrna plant, as well as Nissan's assembly plant in Canton, Miss. Fortunately, 303 workers were reportedly eligible for retirment anyway and happy to take the buyout.
[Source: Automotive News]

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