Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability. The move is part of Nissan Motor Corp.

The company is offering employees voluntary buyouts to reduce its workforce. Nissan will operate a single shift on one production line at each of its two U.S. facilities, located in Smyrna and Canton,