The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.
Hanoi, February 14 (VNA) - Japanese automaker Nissan has announced plans to close one of its two automobile factories in Thailand this year, following the collapse of merger talks with Honda. Both of Nissan’s Thai factories are located in a single facility in Samut Prakan province.
In a statement February 14, a day after the planned 60 billion USD partnership deal fell through, Nissan announced plans to cut operating costs through expense management, workforce reductions, and plant closures. The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.
Nissan CEO Makoto Uchida said the move aims to boost efficiency in cost management, revenue growth and competitiveness to meet customer demand.
Starting with factories in Thailand and the US, the plant closures will cut Nissan’s workforce by 6,500 out of a total 9,000 planned job redundancies. Further manpower reductions will be made among 2,500 indirect employees worldwide.
The cuts will reduce Nissan’s global production capacity by 20%, from the current 5 million units to 4 million units by fiscal year 2026. The company said they should also boost🦩 plant utilisation ratio to 85%, from today’s 70% – at least in its manufacturing𝓰 facilities outside China./.
Thailand's Ministry of Finance is mulling amending tax laws on income from foreign investments to create a more favourable environment for investors and lure Thais to repatriate their earnings.
A security source revealed that following Thailand’s power and internet signal cut-off measures on February 5, illegal businesses operated by these groups have been severely affected, forcing them to relocate from Payathonzu under increasing pressure.
The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces, the Region 3 Forest Fire Control Centre said on February 13.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
