Japanese carmaker Nissan will close its sole car assembly plant in Laguna in March, marking the latest shutdown in an industry finding fewer reasons to make cars in the Philippines when it is cheaper to make them elsewhere.
Nissan Philippines wrote to the Department of Trade and Industry last month, informing Trade Secretary Ramon Lopez about its decision to shutter its assembly plant in the City of Santa Rosa.
The company made the decision after the expiration of its contract with its Filipino vehicle assembly partner.
The DTI said 133 workers would be laid off, but the labor department would help them find jobs in the manufacturing sector. They would also receive “reasonable compensation packages.”
Nissan’s marketing and distribution network will continue selling its vehicles produced in Thailand and Japan.
Nissan would be the third vehicle maker in Santa Rosa to cease operations, after Ford in June 2012 and Honda in March 2020.