April 26, 2007
Nissan extends U.S.-style voluntary retirement program to Japan
Tokyo, Japan – Nissan Motor Company Limited has announced it will offer a voluntary retirement program (VRP) to eligible employees in Japan. The offering follows a similar VRP completed in Nissan North America; the company says it is one of several actions taken by Nissan to boost its competitiveness and performance in 2007.
The Japanese VRP is open to salaried employees who meet the set criteria, which includes full-time salaried employees over 45 years old with more than five years of service. The plan includes a retirement compensation package based on years of service.
Nissan says the VRP is “primarily designed to balance staffing levels with assembly requirements, taking into account production mix and productivity gains.”