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By Reuters Staff
1 Min Read
MANILA, Jan 21 (Reuters) - 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 optimize production and efficient business operations” in Southeast Asia. (Reporting by Neil Jerome Morales; Editing by Martin Petty)