Nissan's closure of Barcelona plants could cost up to €1.5 bil

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The decision to leave Barcelona was announced by the Japanese carmaker last week as part of a turnaround plan. FMTNews Nissan

Nissan’s decision to close the Barcelona plant prompted workers to burn tires in protest in Barcelona last week.

The cost of the closure is at the heart of a debate in Spain over the move, with the government saying it would be cheaper to keep the plants operating.The decision to leave Barcelona was announced by the Japanese carmaker last week as part of a turnaround plan, triggering protests by workers and a commitment by Madrid to do all it can to convince the company to stay.

The union source said that a few weeks ago Nissan had told workers that shutting the three Barcelona facilities could cost around €1.5 billion. However, the source, along with another senior union official, said the second estimate was probably unrealistic as that would barely cover redundancy payments to workers, some of whom have been employed for more than 20 years.

 

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