Nissan to close Philippines car assembly operations

Nissan on Thursday confirmed that it will be closing its Philippine car assembly operations.
Image: Christopher Jue/Getty Images

Japan's Nissan Motor will stop its Philippine car assembly operations, the Southeast Asian country's trade minister said on Thursday.

The closure will affect the Almera model, and 133 workers will lose jobs, Philippine trade secretary Ramon Lopez said in a statement. It said the move was part of Nissan's “plan to optimise production and efficient business operations” in Southeast Asia.