Nissan is moving to Tennessee

[bob007]

The story is in LA Times. They are shutting down their Gardena operations. 42% of employees decided to move to Tenneessee.

[powayseller]

Why are they leaving CA for Tennessee?

[Bugs]

Don’t they have a big manufacturing plant in TN?

[bub]

Kind of old news “The exodus began in June and is expected to wind up Monday, when only a skeleton maintenance crew will be left at Nissan’s 14-building complex on 40 acres near the junction of the Interstate 405 and the Interstate 110 freeways in south Los Angeles County.”

http://www.cantonrep.com/index.php?ID=299679&Category=5

[lindismith]

14-building complex on 40 acres

Wow! That’s a lot of business out of OC.

A lot of people opted to move. It will interesting to see what OC’s population is this year. I’m sure it’ll still increase ‘as everyone wants to live there also,’ but Nissan was a BIG employer.

I wonder if that land is ear-marked for anything?

[bob007]

it is cheaper to operate plant in TN.
they have mfg facilities in TN and MS

[rankandfile]

Can’t say I blame them…it just costs too much to do business in California. If it isn’t the high energy costs, the high taxes and workers comp costs get you. Besides, California is notoriously anti-business and pro-worker. They seem to think that businesses are endless cash cows from which to leech. I have experienced this first hand with an unemployment insurance issue I had with one of my employees. No matter what facts I presented, the State sided with the employee…who quit on his own and is now collecting unemployment on the side. Which I end up paying for.

The old Buck Knife factory left El Cajon after 40 years and moved to Idaho for similar cost-saving reasons: http://www.signonsandiego.com/uniontrib/20060326/news_lz1n26buckkni.html
At least they are still making their knives in the USA.

I, too, am looking at ways to move my operations out of California. I am just a small business with 5 employees, but I imagine there are more like me thinking the same thing.

[lamoneyguy]

That’s not OC, it’s LA County. It’s part of the South Bay, inland from major bubble beach cities, Redondo, Hermosa and Manhattan Beach. Gardena has always been one of the lower to moderate income neighborhoods in the South Bay, but most of the better paid Nissan employees live in the beach cities or Torrance. The highly paid ones live in Palos Verdes.

This is old news, but the the impact has yet to be fully appreciated. That is a large number of mid to high income people leaving all at once.

~lamoneyguy

[lindismith]

yes – I forgot where they were exactly. I had 2 friends work there in the past. Both commuted from OC. I guess that’s why I remembered it wrong.

A related comment: when the dotcom boom was going strong, I remember driving on the 405 thru Irvine (OC), and seeing a lot of .com names on buildings. When that went bust, it seemed like a lot of the signage on the buildings changed to mortgage/loan companies. Just wondering if those companies are all still going strong?

[sdrealtor]

Where in Tennesse? Sounds like an investment opportunity with all those former CA Homeowners taking their equity to the cheaper pastures in TN;)

[bob007]

not many tech companies in irvine compared to sd

[barnaby33]

No, but there are lots of finance companies that until recently were hiring the tech people that the tech companies were laying off for years.

Is there any more news about Nokia?

Josh

[equalizer]

Everyone wants to live in Carmel Valley. I met someone about a month ago at a party who just quit his job at Nissan in Gardena. He moved to California a few years back and he knew he wanted to live in CV. So he bought a house there and was commuting daily to Gardena daily, 4 hours a day. He may have been commuting for a year! He quit and found a job much closer in … Orange county.

He said that less than half of employees were moving to Tennessee. It was a bold, but not a super bold move since the 7-8 cars have already been redesigned and will hit showrooms in next year.

[hs]

a friend who works at Nokia said the company will make an announcement on August 8th. they probably will lay off everybody, then hire back some of them in order to avoid lawsuits.

[powayseller]

lindismith, can you comment on the latest 2 companies to leave CA? (Nissan, Sanyo)

What about Nokia laying off its entire workforce? Nokia is shutting down only the SD location. They are continuing work on their alternate cell phone technology that is in progress at other locations. A couple years ago, Gateway left. They downsized and moved to eMachines headquarters after the merger.

When was the last time we heard of a company expanding or moving to San Diego?

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