US EditionNissan to cut over 10,000 more jobs globally, NHK reports
- On May 13, 2025, Nissan Motor Corp. Revealed plans to eliminate roughly one in seven jobs worldwide and decrease the number of its automobile manufacturing plants from 17 to 10, with some facility closures occurring in Japan.
- The company posted a fiscal year deficit of 670.9 billion yen , affected by declining car sales in China, substantial restructuring expenses, and tariffs introduced during President Trump's administration.
- New CEO Ivan Espinosa reviewed operations to align production with demand, scrapped plans for a Japanese battery plant, and emphasized leveraging partnerships with Renault and Dongfeng Nissan.
- Espinosa emphasized the significant challenges ahead, highlighting the need for discipline and collaboration, as the recovery strategy targets a substantial cost reduction of approximately 500 billion yen and aims to return to profitability by the fiscal year 2026.
- Nissan's new management is reassessing targets prudently and actively pursuing all opportunities to achieve a leaner, more resilient business adaptable to market changes by March 2028.
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Nissan to shut 7 plants, shed 20,000 jobs on huge loss
Yokohama (Jiji Press) — Nissan Motor Co. said Tuesday that it will close seven vehicle plants and reduce its group workforce by 20,000 people in Japan and abroad by fiscal 2027. Nissan announced additional restructuring measures as it reported a consolidated net loss of 670.8 billion yen for fiscal 2024 through March this year, almost
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