Around 1,000 employees of Nissan Motor Co. in Thailand are expected to be let go or relocated by fall 2025, with the Japanese automaker grappling with a downturn in profits, an industrial source said Friday.

 

The move is in line with a pledge that Japan's third-largest car company has made to cut its global workforce by about 7 percent, or 9,000 employees, by fiscal 2026 ending in March 2027, the source said.

 

Although Japanese carmakers have long dominated the market in Thailand, they have been facing a decline in sales as electric vehicles made by Chinese manufacturers gain a stronger foothold.