Chancellor Rachel Reeves confirms government is 'working with Nissan' to prevent Sunderland job cuts

The Chancellor Rachel Reeves has confirmed the Government is in talks with Nissan over the threat of job cuts.

Transcript

00:00I mean obviously Nissan have announced globally there's gonna be like 9,000

00:04jobs cut and we don't know exactly where yet. Nissan is a massive employer in the

00:08area both the factory itself and the subsidiary outlets and one of the big

00:12concerns we know is the the EV targets which I know that they will get fined on

00:16if they don't hit so are those targets being looked at and again can you give

00:20any assurances to people here in Sunderland that you know everything's

00:23going to be done to ensure that there's no job cuts here in the city? Well

00:27obviously it's a worrying time Nissan globally has announced those job cuts

00:32but we're going to work and do everything we can to protect jobs here

00:37in Sunderland. Johnny Reynolds the business secretary has already met with

00:41Nissan to talk about the importance of Sunderland and keeping and protecting

00:46jobs here and I know that Lewis the local MPs and also Kim McGuinness and

00:51the local council are working hard to ensure we keep those jobs and you're

00:56right to mention the electric vehicle mandate we inherited that from the

01:01previous government and although car sales of electric vehicles have gone up

01:05by more than 50% in the last year I know that UK car manufacturers are worried

01:10about those targets and the fines that come if they don't meet them and that's

01:15why we have announced a review of those targets that we inherited as a

01:19government and we'll report soon because I'm determined and this government are

01:23determined to support car manufacturing in Britain and that's why we're looking

01:27again at those targets. And if I can just say I mean six MPs including myself were at

01:32Nissan last week and you know talking to the company and Rachel's absolutely

01:35right you know I think that it's great that the government are doing that work

01:38I think the other thing for any big business like Nissan is also that

01:41economic stability you know actually what will help jobs at Nissan but more

01:45widely is the government's mission around rising living standards and

01:47maintaining economic stability which is as a result of the decisions Rachel took

01:51at the budget.