Tokyo (April 24, 2007) - Nissan Motor Co. Ltd., today announced it will offer a Voluntary Retirement Program (VRP) to eligible employees in Japan. The VRP is open to salaried employees that meet the set criteria.
The VRP is one of several actions taken by Nissan to boost its competitiveness and performance in 2007. The Japan offering follows a similar VRP completed in Nissan North America, where more than double the expected number of employees accepted the package.
The VRP is primarily designed to balance staffing levels with assembly requirements, taking into account production mix and productivity gains.
The program will be offered to employees under the following criteria:
1. Eligible employees
Full-time salaried employees over 45 years old with more than 5 years of service (*Manager-level employees are not eligible.)
2. Application period
From June 1st 2007 to end of March 2008
3. Compensation
A retirement compensation package based on years of service
Source: Nissan
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