Nissan to close Philippines car assembly operations


MANILA (Reuters): Japan's Nissan Motor will stop its Philippinecar assembly operations, the Southeast Asian country's trade minister said on Thursday (Jan 21).

The closure will affect the Almera model, and 133 workers will lose jobs, Philippine Trade Secretary Ramon Lopez said in a statement.

It said the move was part of Nissan's "plan to optimise production and efficient business operations" in Southeast Asia.

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