Nissan sees cost of quitting Barcelona at up to $1.7 billion
Nissan announced the decision to leave Barcelona last week as part of a turnaround plan.
Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday.
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.
A Nissan spokesman declined to comment.
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.
Barcelona-based La Vanguardia newspaper earlier on Monday cited Nissan documents as saying the closures could cost 1.45 billion euros, mostly to make around 3,000 workers redundant.
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 euros.
On May 28, the day the shutdown was announced, a Nissan executive told workers the cost could be much lower, at 700-800 million euros, the source added.
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.
On top of that, Nissan would face other costs related to suppliers and dismantling factories, the first source said, adding: "1.5 billion euros is more realistic. It's not easy to dismantle a factory."
La Vanguardia said that among the costs Nissan had estimated were 600 million euros for firing workers, 310 million in fiscal costs and potentially repaying 100 million of public aid.
Nissan believes it would take close to seven years to recover in savings the cost of leaving Barcelona, the newspaper said.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next ICL Boulby sets new weekly polyhalite mining record
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
