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| - FACT CHECK: Threads Post Falsely Links Nissan Layoffs To Expected Tariffs
A post shared on Threads claims Nissan has announced 9,000 layoffs in Tennessee to “avoid severe losses due to expected tariffs.”
View on Threads
Verdict: False
The claim is false. While Nissan has announced 9,000 layoffs, the move is not connected to potential tariffs, according to a press release from the company.
Fact Check:
Nissan’s shares jumped 6% following a report that activist investor Oasis Management took a stake in the company, according to Reuters. The size of the purported stake was not made clear following the report from Japan’s Diamond Online magazine, the outlet indicated.
The Threads post, which has received over 900 likes as of writing, claims Nissan has announced 9,000 layoffs in Tennessee to “avoid severe losses due to expected tariffs.”
“Nissan just announced 9000 layoffs in Tennessee to avoid severe losses due to expected tariffs,” the post begins. “Experts expect more,” it continues. The post does not include a specific source to support its claim.
The claim is false. On Nov. 7, The Tennessean reported that Nissan would cut 9,000 jobs and “20% of its global manufacturing capacity” to “reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S.” The article does not mention anything about the decision being the result of expected tariffs under President-Elect Donald Trump’s administration.
Likewise, Nissan did not reference expected tariffs in a press release announcing plans to reduce costs.
“Nissan aims to reduce fixed costs by 300 billion yen (compared to FY2024) and variable costs by 100 billion yen (compared to FY2024) while maintaining a healthy free cash flow,” the press release reads in part.
“To achieve this, Nissan will cut global production capacity by 20% and reduce its global workforce by 9,000. The company is implementing various measures to lower selling, general, and administrative expenses, decrease the cost of goods sold, rationalize its asset portfolio, and prioritize capital expenditures and investments in research and development,” it adds. (RELATED: Have Kroger, Food Lion, And Publix Announced A 4% Price Cut Following The 2024 Election?)
In addition, Check Your Fact did not find any credible news reports to support the claim. Actually, the opposite is true. On Nov. 14, PolitiFact debunked the claim.
Furthermore, Nissan spokesperson Kyle Bazemore denied the claim’s validity to PolitiFact.
“The announcement last week of a potential global headcount reduction had nothing to do with any proposed actions by the incoming administration,” Bazemore said.
Check Your Fact has also contacted Bazemore for comment.
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