Nidec Corp.

The Japanese motor manufacturer Nidec intends to cease production at the Bietigheim-Bissingen site by the end of 2027, which would cost 116 employees their jobs. The plant, with a history of over 80 years, most recently supplied skilled personnel who apparently supported other Nidec locations such as a plant in Mexico. The works council and IG Metall criticize a lack of transparency about the economic justification and demand insight into order relocations, possible alternatives and the role of external consultants. The background could be the loss of a major contract from 2027; negotiations on preserving jobs are ongoing. » More on t-online.de

According to IG Metall, Japanese motor manufacturer Nidec plans to stop production in Bietigheim-Bissingen by the end of 2027, which would cost 116 employees their jobs. The works council and the union criticize the decision, noting that skilled workers from the plant had previously supported other sites, for example in Mexico. Nidec has not provided convincing reasons; according to the works council, a larger contract could be lost from 2027. IG Metall demands insight into the economic background, disclosure of relocated orders, and open-ended negotiations to preserve jobs. » More on t-online.de

Internal and external investigations at Nidec revealed concealed losses, improper accounting and inadequate quality controls, prompting CEO Mitsuya Kishida to resign. Cumulative impairments from the scandals and the revaluation of the electric-drive business could amount, according to industry reports, to several hundred billion yen up to around one trillion yen (roughly €6 billion). The company is under heavy pressure over questionable bookings, tariff circumvention and missed e‑car opportunities; the stock has fallen about 20% since the revelations. An internal investigation report also criticizes excessive pressure from the founding leadership, while credit lines and capital buffers are currently likely limiting existential risks. » More on faz.net