Market Chatter: 6% of Nissan Motor's US Workforce to Likely Retire By End-2024

MT NewswiresNov 21 20:29 ET

The Nikkei average starts up 120 yen, with companies like Sakura and Recruit HD rising.

[Nikkei Stock Average ・ TOPIX (Table)] Nikkei Average; 38,146.98; +120.81 TOPIX; 2,688.84; +6.03 [Opening Overview] On the 22nd, the Nikkei Average started trading with a rebound of 120.81 yen to 38,146.98 yen, up for the first time in three days. The previous day, the U.S. stock market rose. The Dow Jones Industrial Average closed at 43,870.35, up 461.88 points, and the Nasdaq closed at 18,972.42, up 6.28 points. Geopolitical risk concerns eased at the opening.

Fisco JapanNov 21 19:37 ET

Reports indicate that Nissan will reduce production capacity at its Thailand factory, cutting or relocating about 1,000 positions.

According to sources, Nissan Motor Company will cut or relocate about 1,000 jobs in Thailand before the fall of 2025, as part of its recent global layoff plan. Sources say Nissan plans to partially halt production at Thailand Plant 1 before September next year and integrate its business into Plant 2. The factory is one of two car assembly plants in Thailand. Nissan has previously announced plans to lay off 9,000 employees globally. In the USA, approximately 1,000 employees will take early retirement and leave Nissan by the end of this year. According to Nissan's website, the company's two factories in Thailand are located in the suburbs of Bangkok.

Global market news.Nov 21 19:05 ET

Three key points to focus on in the morning session: individual investors are shifting funds to australian small/mid cap stocks.

There are three points to focus on in the trading session on the 22nd.

Fisco JapanNov 21 19:01 ET

Dainippon Printing, Honda, etc. [List of stock information from newspapers]

*Dai Nippon Printing <7912> aims to mass produce glass substrates for AI by 2027-2028 (Nikkan Kogyo Front Page) - ○ *Amada <6113> Establishes STEM education hub in Kanagawa and Isehara (Nikkan Kogyo Page 3) - ○ *Nissan Motors <7201> 6% of US employees apply for early retirement (Nikkan Kogyo Page 3) - ○ *Daito Trust Construction <1878> Developing construction managers in Indonesia, planning to open specialized courses with local universities (Nikkan Kogyo Page 4) - ○ *Hitachi <6501> Hitachi Energy, receives series compensation system from Sweden State-owned

Fisco JapanNov 21 18:10 ET

Nissan's Overly Ambitious Goals Fuel Investor, Supplier Distrust

BNN BloombergNov 21 16:03 ET